St. Regis Residences Bangkok
Nearby Public Transport
- BTS Ratchadamri❨94.39m❩
- MRT Silom❨1.27km❩
- MRT Lumphini❨1.71km❩
About this Condo
Basic Information
AB-96
Minor International PCL.,
Ratchadamri
47
53
Condo
120
Facilities
24-Hour Security
Fitness
Jacuzzi
Key Card Access
Sauna
Steam Room
Swimming Pool
Frequently asked Questions
Pets are not allowed in The Residences at The St. Regis Bangkok
No, foreigners cannot buy a condo at The Residences at The St. Regis Bangkok, as it is a leasehold property. However, foreigners can lease a condo there on a 30-year leasehold basis, with leases set to expire in 2041. This arrangement allows foreign buyers to occupy and use the property for the duration of the lease, but they do not own the property outright.
The Residences at The St. Regis Bangkok is connected with BTS Ratchadamri.
Ratchadamri BTS Station: About 350 Meters away or approximately a 5-minute walk.
Silom MRT Station: About 1.2 Km away or approximately a 17-minute walk
No, The Residences at The St. Regis Bangkok are leasehold condos, available on a 30-year leasehold basis with leases expiring in 2041. This means buyers are granted the right to occupy and use the property for the duration of the lease, rather than owning it outright.
A condo, which is short for condominium, refers to an independently owned residential unit that is situated in a building or complex with other residential units.
The owners of these condos usually share common spaces and are required to pay association fees to ensure the upkeep of the shared resources, amenities, and common spaces (CAM Fees)
The leasehold process for leasing a condo in The Residences at The St. Regis Bangkok, generally involves the following steps:
1. Property Search and Selection
2. Lease Agreement Negotiation
Leasehold specifics: Since the property is on a leasehold basis, the agreement will specify the duration of the lease, typically 30 years for long-term leases. The lease may have options for renewal or extensions but must be agreed upon in advance.
3. Reservation and Payment
Reservation fee, Deposit and rent: A deposit is usually required, which is often equal to 2 months’ rent, plus the first month’s rent. The deposit will be refunded at the end of the lease, assuming there are no damages or outstanding fees.
Additional payments: Be prepared for any additional payments such as maintenance fees, utility deposits, or other administration fees.
4. Signing the Lease Agreement
Review terms: Carefully review the lease agreement, which will outline all terms, including the rental price, deposit, payment schedule, and responsibilities of both the lessee and the lessor.
Legal requirements: Both parties will sign the lease agreement, and in many cases, the lease will be registered with the Thai government to ensure legal protection.
5. Move-In
Inspection: Before moving in, it is advisable to conduct a thorough inspection of the property and document any existing damages to avoid disputes when moving out.
Move-in: Once the lease is signed, the first month's rent is paid, and all deposits are confirmed, you can move into the condo.
6. During the Lease Term
Payment schedule: You will need to make monthly rent payments as per the terms of the lease agreement. Be sure to keep a record of all payments.
Maintenance: The lease may specify who is responsible for maintenance and repairs. Common areas (such as the pool or gym) are typically maintained by the building's management, while you may be responsible for maintaining the interior of your unit.
7. Lease Expiry and Renewal
Lease termination: At the end of the lease, you will either need to vacate the property or negotiate an extension or renewal with the landlord.
Deposit return: If you leave the property in good condition, your security deposit will be refunded, minus any costs for repairs or outstanding utility bills.
Nearby Places
- Lumphini Park986.17m