Jump to content

Recommended Posts

We are thinking of moving out of our place in the south, taking small steps, moving towards the land we have bought in Issan and I thought it wise to ask our solicitor if we needed to make plans with regard to out deposit. We have no real target dates or firm plans.

 

We have rented the house for over 10 years now, and paid 25k deposit + 5k upfront rent before we moved in.

 

The house was a new build, and over the years the landlord has done very little in upkeep, he should have sprayed for termites, but only did it once after they ate through a doorframe, which he never repaired. That was 3 years ago. Recently the termites have reappeared and water damage has appeared on the living room ceiling, just little things. We like the house and the area, the problems we have had is that the landlord has never been interested in keeping on top of small issues as they arise. 
 

We contacted the solicitor to ask if we needed to make him aware of these and more issues that have happened over the rental period, before we start to make plans to move out. I was expecting him to suggest to send some notification of the damage to the landlord and pictures, surprisingly, he said, not to worry too much, he would defend us if needed and that actually the landlord should really pay us some interest, after holding out cash for so long.

 

Has anyone else heard this? 
 

It might be interesting to see if he tries to sting us to fill the raw plug holes and we can counter him with a request for a little bit of interest. 
 

 

Edited by recom273
  • Confused 1
Link to post
Share on other sites

The landlord isn’t a total crook, he’s just not interested in doing work on the house. The rent is comparatively small, and hasn’t gone up in the past 10 years. We have probably paid for the house by now.

 

We live in a row of 6 town houses which his family built, two never sold and he rented one for 5 years to a Filipino family, they got sick of his attitude and they moved out to a place around the corner, same size 7.5K month, they got their deposit back, he then renovated the house and rented to a Thai family who moved out a couple of days ago, the landlord showed up today, 1st month, weighed them out and then sped off before he had to speak with us.

 

I thank all for concern, we paid the deposit because we wanted a / the house, and they wouldn’t rent unless we paid it. Researching this topic today, I have seen the comments about deposits, maybe it was too much, but really, 25K, i would like it back, but it’s not going to break the bank. I can draw a key down his wing on the way out the gate and laugh. 
 

The question isn’t if he is going to pay the deposit or interest ... has anyone else heard of interest on a deposit? It was news to me.

Link to post
Share on other sites
31 minutes ago, recom273 said:

 

The question isn’t if he is going to pay the deposit or interest ... has anyone else heard of interest on a deposit? It was news to me.

This is the law for instance in some European countries. But here... I doubt that he put your deposit into a separate or even any bank account. You really are lucky if you get it back. For some people here 25k Baht are a lot of money. They might not have it anymore... 

Link to post
Share on other sites
14 minutes ago, Oldie said:

This is the law for instance in some European countries. But here... I doubt that he put your deposit into a separate or even any bank account. You really are lucky if you get it back. For some people here 25k Baht are a lot of money. They might not have it anymore... 

No, he’s good for it, don’t worry,

Link to post
Share on other sites

My Bank of America savings account interest rate is .01%. Not 1%, but 1/100 of a percent.  

 

10 years at that rate and I’d be looking at a whopping ฿25. If I reinvested the interest it might push me up to ฿30.

 

No idea what the rates are here, but if I had a tenant ask me about interest on a deposit, I would most certainly be offended.

  • Like 1
  • Haha 1
Link to post
Share on other sites

Each time I've moved I've heard every excuse to cut my deposit. It was left dirty, yet we had cleaned. There was something not working, when it never had been. The best was the highest electric bill ever, when I had spent two weeks in BKK, rather than my Issan room. I really felt like showing him the bus tickets, then decided it'd be best to let it go.

Link to post
Share on other sites
2 minutes ago, CrunchWrapSupreme said:

Each time I've moved I've heard every excuse to cut my deposit. It was left dirty, yet we had cleaned. There was something not working, when it never had been. The best was the highest electric bill ever, when I had spent two weeks in BKK, rather than my Issan room. I really felt like showing him the bus tickets, then decided it'd be best to let it go.

I was lucky with fair minded landlords who never stiffed me.  I gladly paid the cleaning deposit because even though I’m already a clean person, ฿500-1000 is well worth just being able to walk away.  
 

But on a more serious note...if a tenant had the gall to even mention interest on a deposit (no....I don’t care how they do it back home), I would give him/her/whatever their deposit back in coins ranging from 25 satang to 2 baht denominations. 

Link to post
Share on other sites

Op - you want to get a solicitor involved for 25,000 baht deposit over 10 years ?????

Really ??????

 

You also want interest on that deposit ????? You deserve to get laughed out of the room. 

 

 

  • Like 1
  • Haha 1
Link to post
Share on other sites
3 minutes ago, richard_smith237 said:

Op - you want to get a solicitor involved for 25,000 baht deposit over 10 years ?????

Really ??????

 

You also want interest on that deposit ????? You deserve to get laughed out of the room. 

 

 

Another person who can’t read or can’t be bothered?
 

I was just interested to find out the truth.
 

The reason I contacted the solicitor was to prepare in the event of him refusing to pay an acceptable amount of the deposit back.


I am not expecting the full amount back, of course there are cleaning costs and i have drilled holes for aircon and shelves, etc.

 

This is why I have a solicitor, to prepare, so I don’t come to ThaiVisa whining that I the landlord ripped me off. It was the solicitor that just mentioned it at the end of the conversation.

 

Off topic but, you would just write off 25K deposit over 10 years? 

Link to post
Share on other sites

I've never heard anybody getting interest on a rental deposit in Thailand.

Considering the current interest rates, i think even over 10 years this would be a few hundred Baht tops.

  • Like 1
Link to post
Share on other sites
5 hours ago, recom273 said:

The landlord isn’t a total crook, he’s just not interested in doing work on the house. The rent is comparatively small, and hasn’t gone up in the past 10 years. We have probably paid for the house by now.

 

We live in a row of 6 town houses which his family built, two never sold and he rented one for 5 years to a Filipino family, they got sick of his attitude and they moved out to a place around the corner, same size 7.5K month, they got their deposit back, he then renovated the house and rented to a Thai family who moved out a couple of days ago, the landlord showed up today, 1st month, weighed them out and then sped off before he had to speak with us.

 

I thank all for concern, we paid the deposit because we wanted a / the house, and they wouldn’t rent unless we paid it. Researching this topic today, I have seen the comments about deposits, maybe it was too much, but really, 25K, i would like it back, but it’s not going to break the bank. I can draw a key down his wing on the way out the gate and laugh. 
 

The question isn’t if he is going to pay the deposit or interest ... has anyone else heard of interest on a deposit? It was news to me.

Germany it is common, had a few German customers ask about it but explained their deposit is held in a non interest bearing company account. 

  • Like 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...