{"id":13923,"date":"2020-02-02T11:15:07","date_gmt":"2020-02-02T08:15:07","guid":{"rendered":"http:\/\/estate-phuket.com\/?p=13923"},"modified":"2022-10-13T13:32:53","modified_gmt":"2022-10-13T10:32:53","slug":"%d1%80%d0%b0%d1%81%d1%85%d0%be%d0%b4%d1%8b-%d0%bf%d0%be-%d1%81%d0%be%d0%b4%d0%b5%d1%80%d0%b6%d0%b0%d0%bd%d0%b8%d1%8e-%d0%bd%d0%b5%d0%b4%d0%b2%d0%b8%d0%b6%d0%b8%d0%bc%d0%be%d1%81%d1%82%d0%b8-%d0%b2","status":"publish","type":"post","link":"https:\/\/estate-phuket.com\/en\/%d1%80%d0%b0%d1%81%d1%85%d0%be%d0%b4%d1%8b-%d0%bf%d0%be-%d1%81%d0%be%d0%b4%d0%b5%d1%80%d0%b6%d0%b0%d0%bd%d0%b8%d1%8e-%d0%bd%d0%b5%d0%b4%d0%b2%d0%b8%d0%b6%d0%b8%d0%bc%d0%be%d1%81%d1%82%d0%b8-%d0%b2\/","title":{"rendered":"Property maintenance costs in Thailand"},"content":{"rendered":"<h4>\u0421osts associated with the purchase of real estate and its maintenance<\/h4>\n<ul>\n<li><strong>APARTMENT<\/strong><\/li>\n<\/ul>\n<p>Taxes\/fees: \u2800<\/p>\n<p>Trasfer Fee = 2%\u2800<br \/>\nThe fee is 50\/50 between the seller and the buyer. \u2800<br \/>\nCalculated based on the larger amount, cadastral value or transaction value. Paid at registration of the transaction.<br \/>\n\u2800<br \/>\nSinking Fund &#8211; made by the first buyer of the property: start from 500 Baht per sqm. \u2800<br \/>\nPurpose: The Depreciation Fund. It is kept in the account of the management company that serves the property. Expenses are incurred after the guarantee from the developer is completed. For example: In condominiums the warranty period for bearing structures is 5 years. Further, through the meeting, the owners decide, if a major overhaul is needed, the money is spent from this Fund. \u2800<\/p>\n<p>Monthly expenses:<br \/>\nCommon Fee (service fee) &#8211; from 50 Baht per sqm.<br \/>\nThe amount of the fee depends on the location, size of the territory and it&#8217;s content: swimming pools, gym, security, garbage disposal, treatment of the territory against insects, etc. Payment for the first year, always paid at once.<br \/>\n\u2800<br \/>\nElectricity &#8211; from 4.5 Baht per unit. Depends on location.<br \/>\nWater &#8211; from 3.5 Baht per unit (if the city line), if it is, for example, a residence with its own well, the price start from 35 Baht per unit.<br \/>\n\u2800<br \/>\nIf necessary, the cost of: cleaning from 500-1,000 Baht \/ time.<br \/>\nGiven the tropical climate and humidity, make sure to air the room once a week to avoid mold.<br \/>\n\u2800<br \/>\nAlso, the ownership of real estate, does not give any privileges in the visa (except for investment visas &#8211; the acquisition of real estate from 10 million Baht and ownership of more than 3 years in the property). Therefore, we take into account the expenses on: Visa<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>VILLA<\/strong><\/li>\n<\/ul>\n<p>Taxes\/fees:<\/p>\n<p>Fee for registration of the rental agreement = 1% of the total rental cost for the entire term. \u2800<br \/>\nPaid 50\/50 between the seller and the buyer (to be negotiated before signing the contract). \u2800<br \/>\n\u2800<br \/>\nSinking Fund &#8211; contributed by the first buyer: start from 100 thousand Baht. \u2800<br \/>\nPurpose: The Depreciation Fund. It is kept on the account of the managing company, which serves the territory of the village.<\/p>\n<p>Monthly costs:<br \/>\nCommon Fee (service fee) &#8211; from 5,000 Baht\/month. The price depends on the location, size of the area and maintenance. Payment for the first year, payable at once.<\/p>\n<p>Electricity from 4.5 Baht per unit. Depends on the location of the property. \u2800<br \/>\nWater &#8211; from 25 Baht per unit. Depends of the managing company.<\/p>\n<p>Also consider, if necessary: cleaning, from 1,000 Baht \/time. Given the tropical climate and humidity, make sure to air the room once a week to avoid mold. \u2800<br \/>\nPool Cleaning &#8211; from 2,000 Baht\/month\u2800<br \/>\nGardener services &#8211; from 2,000 Baht\/month<br \/>\nPest control &#8211; from 2,000 Baht\/month<\/p>\n<p>If the property will be registered for a company, together with the Thai founder, where the foreigner&#8217;s share is 49%:<\/p>\n<p>Opening of the company, work permit: from 50,000 Baht<br \/>\nLegal support of the company: from 3,000-5,000 Baht\/month<br \/>\nAccounting\/annual balance sheet: from 15,000 Baht\/year<br \/>\nOperating expenses ~ \u2800<br \/>\nLand and building tax &#8211; 12.5% of the annual lease value, according to the lease agreement or annual (state) estimated value, whichever is higher<\/p>\n<p>It should be noted that the company MUST be necessarily working, in case of detection of nominal shareholding in order to obtain 100% control over the land, such transaction may be considered fictitious and, as a result, invalid, and the participants will incur administrative and\/or criminal liability.<\/p>\n<p>Also take into account that the ownership of real estate does not give any privileges in visa (except investment &#8211; the purchase of real estate from 10 million Baht and ownership of more than 3 years). Therefore, we also calculate the costs for: Visa.<\/p>\n<p><strong>Additional information<\/strong>: due to the new Law on Land and Building Tax, which came into force on March 13, 2019, property taxes will apply from 2020.<\/p>\n<p>&nbsp;<\/p>\n<p><b>02.02.2020<\/b><\/p>\n<p>&nbsp;<\/p>\n<h4><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>\u0421osts associated with the purchase of real estate and its maintenance APARTMENT Taxes\/fees: \u2800 Trasfer Fee = 2%\u2800 The fee is 50\/50 between the seller and the buyer. \u2800 Calculated based on the larger amount, cadastral value or transaction value. Paid at registration of the transaction. \u2800 Sinking Fund &#8211; made by the first buyer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14093,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":true,"content":true,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/posts\/13923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/comments?post=13923"}],"version-history":[{"count":8,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/posts\/13923\/revisions"}],"predecessor-version":[{"id":15653,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/posts\/13923\/revisions\/15653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/media\/14093"}],"wp:attachment":[{"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/media?parent=13923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/categories?post=13923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/estate-phuket.com\/en\/wp-json\/wp\/v2\/tags?post=13923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}