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BUSINESS

Short-term leasing in condominium: Getting it right

Dexter Norville, Published on 23/05/2018

» Following the recent court rulings handed down to a condominium unit owner in Hua Hin, two of many questions arise: Why is it illegal to rent out condominium units on a short-term basis? Why has Thailand made condominium unit short-term leasing illegal?

BUSINESS

Common area management fee matters

Dexter Norville, Published on 09/05/2018

» Common area management fee (CAM fee) is a much-discussed topic among developers, investors, owners, renters, agents and management providers, all of whom have a standpoint on it.

BUSINESS

New leasing law: who wins, who loses

Spectrum, Bunthoon Damrongrak and Dexter Norville, Published on 18/03/2018

» An announcement in the Royal Gazette on Feb 16 created widespread panic among condominium owners who rent out their assets, condominium developers and apartment operators across the country. It detailed the government's plan to enact a law that will turn residential leasing into a contract-controlled business from May 1.

BUSINESS

Second time around

Spectrum, Bunthoon Damrongrak & Dexter Norville, Published on 04/02/2018

» There has been continued demand for used high-end condominium units in older buildings in Bangkok, where prices have risen at a much slower pace than in new projects. While older condominium developments offer many advantages, there can be pitfalls too.