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​ 

February 22, 2013
Location, location, location—the old adage about the three things that matter in real estate continues to be true today, especially for retailers. Commercial real estate developers and retailers face a fiercely competitive market and shifting consumer patterns as Bangkok continues to expand geographically. To reach the city’s expanding consumer base, it is essential for retailers to understand local zoning requirements, especially with a new city plan set to come into effect in May.BMA Ordinance
Read More
February 14, 2013
In association with Lex Mundi, Practical Law Company has now published the latest edition in its series of guides on how to do business in jurisdictions worldwide. The Thailand chapter, written by attorneys at Tilleke & Gibbins, provides an overview of the legal system and key laws for foreign companies doing business in the Kingdom. Presented in a question-and-answer format, the chapter examines the rules governing foreign investment, business vehicles, employment, tax, competition, intellectual property, marketing agreements, e-commerce, data protection, and product liability.
Read More
December 26, 2012
Getting the Deal Through has published a multi-jurisdictional guide to real estate in 30 jurisdictions worldwide. The Thailand chapter was written by Cynthia Pornavalai and Ahmet Yesilkaya from the Tilleke & Gibbins corporate and commercial team. The chapter provides a business perspective to owning and investing in real estate in Thailand, and clarifies the law for foreign investors in terms of their liability, choice of law, and what to consider when making investments in Thailand. More specifically, the chapter covers the following:
Read More
November 30, 2012
Long-term lease agreements in Thailand are generally limited to a maximum term of 30 years and may then be renewed for another 30-year term under Section 540 of the Civil and Commercial Code of Thailand.
Read More