Govt cracks down on illegal daily condo rentals

Authorities warn that anyone who engages in regular apartment rental services could face legal action.
During a conference yesterday, the House Committee on Administration, led by Korrawee Prissanantakul, addressed a complaint about illegal regular rent. Representatives from condition organizations took part to offer explanations.
Renting property products on a daily basis, according to Mr. Korrawee, is against the law. Concerns have also been raised about immigrants owning condominiums above the permitted maximum. He stated that legal action may be brought against those who violate the law.
According to Voravut Laipoonsawat, deputy director-general of the Department of Lands, foreigners are not permitted to own more than 49 % of a condominium project’s total area, compared to 49 % of the total number of units. This rule seeks to restrict voting rights in property juristic entities from foreigners.
Mr. Voravut added that constitutional flaws prevent foreigners from ever visiting Thailand to acquire condominium models through Thai nominations. A single tourist may also purchase many units, as there is no cap on the number of units an individual can individual, provided that full foreign ownership does not exceed 49 % of the condominium’s complete area.
Renting out apartment products on a daily basis, related to lodge functions, is prohibited, according to Rattawit Jitsujaritwong, a lawyer with the Department of Provincial Administration. A registration system is required because the resort industry has an impact on both the market and national security. Owners of condominium units may be found guilty of breaking the law if they rent out areas similar to hotels without permission. Also, a condominium’s legal representative may be subject to legal repercussions if they are aware of these activities.
One problem is that many of these illegal leases are made difficult to enforce because many of the owners emigrate from other countries using Airbnb and different online services. Authorities intend to enact the Hotel Act more firmly in the near future through combined procedures involving the Immigration Bureau, city workplaces, police, and the Department of Provincial Administration. Additionally, they will request that online platforms stop running monthly rental advertisements and to appoint condominium jurists to inform residents that it is against the law to provide daily rentals to tourists.