Thailand offers rent waivers for earthquake-hit tenants
The Treasury Department has stepped up to support those impacted by the earthquake that struck Thailand on March 28.
In an announcement made by Deputy Finance Minister Paopoom Rojanasakul, tenants renting state land in earthquake-affected areas are now eligible for rent waivers, providing much-needed relief to those whose properties were damaged in the disaster.
This initiative targets tenants of state-owned land in Bangkok and 18 other provinces identified as being affected by the earthquake.
The department’s move is a direct response to the widespread damage caused by the natural disaster and aims to ease the financial burden on tenants whose livelihoods have been disrupted.
For those renting residential land or other state land where the Ministry of Finance does not hold property rights, the department is offering rent waivers of up to one year for properties with severe damage.
Properties with moderate damage are eligible for a waiver of up to six months. This generous offer also applies to land-use contracts where damage to the property has significantly impacted tenants.
In cases where buildings sit on state land where the ministry holds property rights, rent waivers are available for tenants with severely damaged buildings for up to one year. Those with buildings facing moderate damage can apply for a waiver for up to three months.
For those under contracts to build on rented state land, the guidelines are similar: tenants with severely damaged buildings can receive a rent waiver for up to one year, while those facing moderate damage are eligible for up to six months, reported Bangkok Post.
Tenants wishing to apply for the rent waiver must submit verified proof of property damage by April 30.
The damage must be inspected and certified by the Department of Public Works and Town and Country Planning. This process ensures that only those with legitimate claims will benefit from the waivers.
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