An exemption certificate allows you to rent many residential Type 1 buildings on a daily basis with no particular restrictions relating to the 2004 Hotel Act or the 2016 amendment.
This is only available to residential Type 1 properties with 2 floors or less and maximum 10 rooms. Maximum 20 guests.
The property MUST be in a Thai Nationality name on both the title deeds and blue book.
You can get your exemption from your District Office if you fulfil the criteria.
Display your exemption certificate clearly and you are legally able to offer daily rentals. Obviously you are still required to follow the other regulations and laws including tax and property insurance.
This is an excellent opportunity for either Thai investors or foreigners who would like to transfer their property into a Thai name.
There are numerous ways to ensure your property remains yours to live in for a minimum of 30 years and it cannot be sold, mortgaged or used as collateral during your lease period. With NEW lease laws being discussed which would allow the lease to be transferable, this could become a good future option. Your investment can also be assured if a mortgage/loan is attached to the title deed of the property.
We can provide full legal services if you would like to take advantage of this excellent opportunity to be one of the very few businesses to legally offer daily and weekly rental accommodation and freely advertise and market your property.
With the Hotel Act being enforced you are sure to be full and earning a great income.