Tenants often express shock, resentment and even embarrassment
over the amount of rent and rent escalations that they are required
to pay to their landlords. However, for office and residential
rentals with longer rental terms, fixed rent is in fact relatively
rare. And it is rather common that rental agreements include rent
escalation provisions.
In Western countries, annual increases are often based upon the
percentage increases in the official Rent Index. However, such an
index does not exist in Thailand. Alternatively, rental increases
may be tied to the Consumer Price Index (CPI) as well. Or the
contract sets forth a specific procedure for rental increases.
If you are the tenant, you should vet the rental contract
thoroughly before executing it. If the contract contains such a
provision, you should try to
