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Posts Tagged ‘Bangkok’

Aug
22/10
Renting Temptations in Bangkok; Apartments and Condos
Last Updated on Sunday, 22 August 2010 02:16
Written by admin
Sunday, August 22nd, 2010

So the story goes…

What was it that lured Ray to Bangkok in the first place? Was it sex and the city? Wine, women and song? Or a just plain old interest in the City of Angels-a literal translation of its other name-Krungthep. Certainly Thailand was on the list of one of the more fascinating places to visit, he’d rocked up from Kathmandu at the time, it had been a choice of heading back to the UK or using the little money he had left for a flight to Bangkok… the choice wasn’t that difficult.

Roughing it

He hadn’t known anyone in Bangkok, not a soul, but he’d been in India and Nepal for the past six months and had heard that Thailand was like Disneyland in comparison-thanks to the hospitality, warmth of the Thais, delicious safe food and the possibility of work.

His first task was to find rock bottom budget accommodation-which happened to be where all the other backpackers used to go; Banglampoo or better known Khaosan Road area which is a stone throw from the Grand Palace.  The guest house he had stayed at offered him a corridor dorm like bed at first, cheap for the price but no guarantee of a good nights sleep. After a while he’d managed to graduate to a room of his own-a tiny squalid roach infested room in the corner of the house with a table fan and no window-pure luxury! Those days were hard, but for 20 Baht a night what more could he expect? This was his first experience of renting in Bangkok. He did however; achieve exactly what he had intended on the budget available at the time. Eventually, Ray gets the job, moves to a condo, meets the rent, meets the girl and finally settles in Thailand. But behind the story of Ray, we can see just how easy it was (well if you can rough it a little) to make ends meet and still manage to make Bangkok our home. Nowadays, similar accommodation still exists in Bangkok but if you don’t fancy roughing it in the city, there is an extensive range of much nicer accommodation from quaint town apartments at moderate rent rates to the super deluxe condominiums that boast wonderful skyline views of the city.  In my book this would come under the category of comfortable living but for the sake of soul enlightenment?

Shopping the area

According to current statistics the city covers an area of 1537 square metres and is now networked not only by a rapid transport system, but also by a high speed global communications and intranet link. Is it any wonder that Bangkok attracts more business investment along with a new breed of executive class resident?

Of course, it would probably be better to do your homework before moving into rented accommodation, it’s not as final as say buying or leasing a property but it would still create a major hassle if you made a mistake. Check out the area you want to move to. How about the amenities, shopping, schools, fitness gyms etc? The more the merrier and the better the class of area. Compare hotel prices with renting, we know that hotels are more expensive but renting also comes with those extra costs like water and electricity etc.-check those out before deciding.  After you have done your homework you are ready to go to the next stage, use a reputable real estate agent to do the rest for you. Companies like Forbest Properties have an extensive list of apartments and condos for rent, a reliable and simple method.

A far cry from a rough and ready patch that Ray had lived in but then again, we shouldn’t forget the old saying  “Enlightenment must come little by little – otherwise it would overwhelm.”

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Aug
22/10
Bangkok Apartment Rentals
Last Updated on Sunday, 22 August 2010 09:15
Written by admin
Sunday, August 22nd, 2010

You and your family are relocating to Bangkok, Thailand and have finally found a place to rent. What do you do next and how can you secure that property before someone else does?

The first thing you should know is that properties change hands fast in Bangkok. I believe the same applies for all major cities where there is a considerable expat population. So, when you have finally found that one property you like, try to stop yourself from wanting to see more “just in case there is something else out there” because from my experience, people always come back to the first one they like. Those who are decisive move in weeks after, excited while those who hesitate too long end up settling for second best and sometimes, may even cost them more in rent.

Call your agent immediately and tell them about your decision. You then need to decide what extras you need in the property and the price you are happy to pay. Then the agent can go off and negotiate on your behalf. Once the rental price and extra items are settled, you need to arrange for an initial deposit, or what we call a “booking fee” to secure the property. Putting down a booking fee guarantees you the property, so you can go off and start organising the move. Without it, there is always that chance that someone else might come along and take it from you. Basically, whoever puts down the money first, gets the property! To prevent that from happening, the initial deposit required here is usually equivalent to one month’s rent with the remaining to be paid at the signing of the contract. This can be done once the contract is approved on both ends.

If you are renting an apartment, which is owned by a single entity or business, chances are the contracts are not going to vary very much since these are very standard, thus you can quite confidently put down the deposit and then have the contract sent to you later. Most apartments are flexible on simple clause changes (within reason) but if you require a diplomatic clause included, it’s best you settle that before you put down the booking fee.

The standard security deposit in Thailand is two months rent, plus a month’s rent in advance. Therefore, you pay three months upfront when you move into a new premise. You are entitled to have that security deposit returned to you at the end of your lease term, provided the property is handed back to the owner in good condition, taking into account normal wear and tear. Should you break lease before the end term of your contract, the landlord can rightfully forfeit your despoit unless a diplomatic clause is applicable. However, a diplomatic clause is only applicable in cases of overseas job transfer, termination of work or political crisis, and requires company supported documents as proof. It does not cover situations when you’ve suddenly decided you need a bigger place and wish to move.

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