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"Saving Face?" New to Bangkok and trouble with RE agent.
I learned that if an owner has more than 5 rental properties, they are not allowed to collect more than 1 month's rent as a security deposit. The owner, who I met during the showing, mentioned owning several properties in Bangkok and at least three units in the building I was viewing. They also own a hotel. This led me to question the agent about the required deposit amount.
However, the agent's responses have raised some doubts in my mind. Also, there will be no third-party property manager (managed direct by owner), which makes me concerned about the fairness in handling the security deposit upon lease termination.
>I have a question about the security deposit. since owner owns more than 5 properties, the security deposit is 1 month rent and not 2 months yes? otherwise it would be against the rules.
How do you know the landlord own more than 5 properties?
>she told us during the showing that her family owns many properties around Bangkok. at [name of building redacted] alone, she owns at least three right?
Her family own means the owner is the business.This condo is owned by individual name. (this response was immediate and clear to me that he hadn't checked with the owner.)
>it's all in her father's name. (What I meant here was the three condo units at the building since it would be difficult to believe that just this one unit happened to be in a personal name or even just the 3 at the building for that matter. Looking back I should've asked, in a different way since obviously I don't know for sure. )
Are you able to pay 2 month security deposits?And 1 month advance rental fee? The andwer is yes and no.
>i mean, i shouldn't have to pay if it's against the law to pay more than 1 month deposit right?
i'm confused, is she denying that they own 5+ properties in the same name as this condo unit in [name of building redacted]? I wanted to make sure that agent double checked with owner since we had some other instances of miscommunication before and he gave me a quick response that sounded inaccurate/unconfirmed and after directly speaking to the owner to verify, I turned out to be right.)
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What do you think is going on here and how should I navigate this?
What are your thoughts on the agent's response? Are there specific Thai laws or real estate practices I should be aware of in this context? Any insights or experiences you can share would be helpful.
Thanks in advance for your help!
update: I've been digesting what occurred, and realized that what I'm seeking is clarity from the owner. I'm tempted to contact her directly since I have her number, to let her know what happened and that I just wanted a confirmation from her whether or now she owns 5+ properties and that the security deposit will be 1 month and not 2 month. But in the back of my mind, I'm a little concerned how this would turn out. The RE agent could "lose face" in this situation and if it would be a loss if they don't want to accept my application because of it. My other option is to turn a blind eye and just pay the 2 month but that doesn't feel good either.
best som tam in Bangkok? Krua Dok Mai Kao 2026
yeah Krua Dok Mai Kao is solid but if you're up for a detour, try Som Tum Nua near Siam Square. their som tam pu pla ra is insane if you like the fermented fish sauce kick. way more pungent than the On Nut spot, just less grilled chicken options