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Ploenchit Grand View Mansion
Fragrant 71 Condominium
New condo located in a nice and quiet area with good facilities like rooftop swimming pool, rooftop garden and BBQ space and a gym.
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Bangkok Rent Guide
Bangkok Rental Process
The rental process in Bangkok is a straight forward one. The real estate agent represents both the owner and the prospective tenant. The commission however is borne by the home owner only.
To facilitate the agent’s role in the rental process, the prospective tenant will be asked to provide their requirements of the property they are looking for. The common ones that people look for are
- Proximity to workplace
- Proximity to children’s school
- Proximity to public transportation like BTS and subway
- Type of property
- Number of bedrooms and floor area
- Budget
You are encouraged to list as many criteria as possible as this will make the task of finding the right home for you much easier.
Now that the agent has all the information he needs, you will be given a shortlist of properties that best match your preferences. Ample information and pictures will be provided so that you can further refine the list.
The next step is property viewing. Once an appointment is made, the agent will pick you up at a location of your choosing and proceed to view the short listed properties. As you will find out, it is not fun to be stuck in a traffic jam in downtown Bangkok. No amount of good music can soothe the frustration. The viewing time is thus arranged between mid morning and early afternoon. Visiting five properties is considered a productive day. Of course this is not necessary if you fall in love with the first one.
Once you have found the right home, the agent will contact the home owner about your interest and your offer if it differs from the quoted price. If all parties come to an agreement after the negotiation phase, the agent will prepare the lease contract which will be in English. There will be three copies. The owner, tenant and agent will each have a copy.
A contract signing meeting will be set up and the owner will usually be present. This is a good time to make a good impression and build a good relationship with the landlord. Being on good terms with the landlord will make your stay much more enjoyable. The deposit and the advance rent will have to be paid in cash or banker’s check.
Once the contract is signed and everything else is in order all that is left is to collect the keys from your agent and move in to your new home. If you need any further assistance in settling in your new home, you can ask for your agent’s help.
Why Use an agent
An Agent’s Value Add
It is common perception that using an agent involves a fee or a commission. This is indeed true. However in Bangkok, the real estate agent is compensated not by the prospective tenant but the landlord when it comes to residential leasing.
As a house seeker, you will be pleased to know that you do not have to pay a single cent. So besides the fact that there is no cost involved, are there any other good reasons as to why you should use an agent? Or will it be better to go straight to the home owner?
The answer may seem biased but the fact is you should use an agent especially a good one. Firstly, an agent has knowledge of the areas he is specializing in. It will be within his expertise to be familiar with the various property options available for the home seeker. As an individual, unless you have a lot of time on hand, it is wise to rely on the agent’s knowledge and network to find the type of home that suits your needs and requirements. Bangkok is a huge jungle of concrete and property related information in English is not perfect. As an individual, it is indeed not an easy task to find a suitable rental property on your own.
Another good reason is the agent can help you communicate better with the landlord. As you will eventually find out, not all Thais can speak English well. Therefore to avoid any confusion, it is better to let the agent handle the landlord for you. Furthermore, if there is a need for negotiating the rental terms, the agent can leverage on his relationship with the landlords and negotiate on your behalf for a win-win solution. All the parties involved get what they want. This is ultimately what an agent hopes to accomplish and show his value add in the rental process.
Finally, on top of the benefits discussed above, the agent can make the house hunting process a hassle free one. As your potential real estate agent, we will help you every step of the way. We will listen carefully to your housing requirements, show you potentially suitable properties, drive you around to view these nice homes, negotiate on your behalf, prepare the rental contract for your perusal and signing if you are completely satisfied.
Beyond contract signing, we are still very much available if you should need our assistance in any matters regarding your new home. Here at mybangkokhomes, we strive for total customer satisfaction and look for repeat businesses and referrals. We look forward to meeting and helping you find that perfect home away from home. Please do not hesitate to drop us an email or give us a call and let us be of service to you.
Bangkok Property Types
Bangkok Residential Property Types
In Bangkok, there are various residential property types with different features for each one of them. With a better understanding of what is available, it will make the rental process easier.
Serviced apartments
Serviced apartments are luxurious apartment like buildings. They cater mainly for expatriates and business people. These apartments offer a wide range of facilities similar to hotels like restaurants, conference rooms and room cleaning service. You will also find a fitness room, sauna, swimming pool and high security.
They are the most flexible property types in terms of rental. It is common to rent on a daily or weekly basis. Because of the many perks offered, a premium rent is to be expected. If luxury is what you seek, serviced apartments are a perfect choice.
Apartments
Apartments are owned as a whole by individuals or companies and they will try to maximize their rental yield on their properties. It is common for apartments to have a surcharge on the utility services. It is thus wise to enquire about their utility rates before concluding any rental deals. Common area maintenance fee is not applicable as this is normally included in the rental.
Depending on properties, apartments in general will have a fitness room, sauna, swimming pool, full time security, restaurants and even a beauty center.
Condominiums
Condominiums look very much like apartments. The difference between condos and apartments is with regards to ownership. Each unit is owned individually and each unit owner is a shareholder of the property. By the way, condos are the only property type open to foreigners for freehold ownership.
Unlike apartments, there is a common area maintenance fee. It is good to determine who will pay this fee before signing a rental contract.
Common condo facilities are fitness center, swimming pool, 24 hour security. Condos are managed by management companies who are responsible for looking after the properties in terms of security, maintenance and repairs.
Single house
Single houses are detached houses which stand on a plot of land. In terms of rental, they usually command a high price. Some luxurious houses will have their own swimming pool and garden. It is however not common to find such properties in the crowded downtown Bangkok.
For those who enjoy space and privacy, a house is a suitable choice. Finding a suitable house in a good neighborhood which you can call home will require some patience. Using a real estate agent to keep a lookout for the perfect home is the sensible approach.
Townhouse
This type of property is also known as detached houses or terrace houses. They are usually found in gated communities. Facilities will include 24 hour security, garden, children’s playground and swimming pool. These type of properties can be found in downtown Bangkok more often than single houses.