You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

February 23, 2018

New Contract Controls Introduced for Residential Property Leasing Businesses in Thailand

Subscribe to Updates

The Consumer Protection Act B.E. 2522 (1979) grants the Contract Committee of the Consumer Protection Board the power to designate “contract-controlled businesses,” in order to control the contents of written contracts between certain businesses and their consumers in the course of sales or services. Designation as a contract-controlled business is intended to ensure that contracts contain necessary terms and conditions and to prevent consumers from being unreasonably disadvantaged by unfair contract terms.

On February 12, 2017, the Contract Committee used that power to issue “Notification of the Contract Committee Re: The Stipulation of Residential Property Leasing as a Contract-Controlled Business B.E. 2561 (2018)”, which was published in the Government Gazette on February 16, 2018. As a result, residential property leasing will be deemed a contract-controlled business as of May 1, 2018.

This will have a very significant impact on residential lease contracts in Thailand from May 1 onwards. A full analysis of the changes is provided in the PDF below. 

Download Full Article
Related Professionals

Practices

Real Estate

Location

RELATED INSIGHTS​ 

June 15, 2020
As the Thai government begins to gradually lift the restrictions that were implemented to minimize the health risks of the COVID-19 pandemic, the unprecedented economic impact of the disease continues to be felt across multiple sectors of the economy. Businesses have experienced a variety of challenges, including forced closures, supply chain disruptions, and severe declines in revenue as the number of customers has plunged. For the many businesses that lease space for their operations, one additional challenge is simply the ability to pay rent.
Read More
June 9, 2020
On May 29, 2020, the government of Vietnam issued Resolution No. 84/NQ-CP, which mandates a number of economic relief and recovery measures in light of the COVID-19 pandemic. These measures include, among others, the reduction of certain government fees and charges and the easing of some regulations on foreign employees, trade, and construction. Some highlights of Resolution 84 are discussed below.Reduction of Government Fees
Read More
May 26, 2020
To provide some additional relief to entrepreneurs that have been financially affected by the COVID-19 pandemic, Thailand has released a new emergency decree that allows financial institutions to offer soft loans to eligible small and medium enterprises (SMEs), waiving the usual mortgage registration fee for loans of this type.
Read More
May 19, 2020
In Vietnam, golf is gaining in popularity, and the country is also becoming a popular destination for golfing vacationers. The country has about 35 courses in operation and many more in the pipeline. Most of the courses are found on the outskirts of major cities like Hanoi and Ho Chi Minh City, or near resort areas such as Da Nang, Nha Trang, Vung Tau and Dalat.
Read More