Educational Information Only
The content on this page is for general educational purposes and does not constitute legal advice. Every legal situation is unique. For matters involving investigation, arrest, litigation, or formal proceedings, consult a qualified legal professional.
Property Management Agreement
Agreement for hiring a property manager to handle rental, maintenance, and tenant relations for your Thai property.
When to Use
When you own rental property in Thailand and need someone to manage tenants, maintenance, and collections — especially useful for absentee foreign owners.
Key Clauses
Scope of Services
Tenant sourcing, rent collection, maintenance coordination, accounting, and legal compliance (TM.30 filing).
Management Fee
Typically 8-15% of gross rental income. Specify if inclusive or exclusive of marketing costs.
Financial Reporting
Monthly statements showing income, expenses, and net remittance to owner.
Authority Limits
Maximum expenditure the manager can authorize without owner approval (e.g., THB 5,000).
Insurance & Liability
Manager must maintain professional indemnity insurance. Liability limits for negligence.
Termination
Notice period (typically 30-90 days). Handover of keys, documents, tenant contacts, and deposits.
Warnings
Ensure the manager files TM.30 for foreign tenants — failure is YOUR liability as owner.
Get references and verify the management company's track record before signing.
Ensure separate bank account for rental income — never commingled with manager's funds.
Professional Legal Assistance
When a matter involves investigation, arrest, detention, litigation, or regulatory action, professional legal representation becomes essential.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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