Thailand’s Stance on Daily Condo Rentals

Thailand’s Interior Ministry has recently reinforced its position that daily condominium rentals, which mimic hotel operations, are illegal under the Hotel Act. This announcement comes in response to increasing grievances from residents impacted by unauthorized short-term rentals.

Foreign Ownership Limits Clarified

During a parliamentary committee meeting, officials clarified that foreign ownership of condominium space is capped at 49%. This regulation is designed to protect voting rights within condominium juristic persons and prevent any circumvention of ownership limits.

Enforcement Challenges and Solutions

Enforcing these regulations poses significant challenges, as many condominium owners reside elsewhere and bookings are often made online. To combat this, authorities plan to intensify enforcement of the Hotel Act and collaborate with online platforms to remove listings of illegal daily rentals.

Condominium juristic persons will also play a crucial role in informing residents about these legal restrictions, aiming for a harmonious co-existence within residential buildings.