Thread: 3+3 lease

Well it must be tough to lord over property you don't own, but sure why not eh

I have quite a few friends who have successful businesses in Thailand, and the landlord doesn't come after them for more money other than what is stipulated in the lease they signed. 3+3 year leases are used for the landlord to avoid taxes, and the rent increases are stated in the lease. If people get cheated then they either broke a clause in the contract, or didn't inspect the wording enough and there was a clause that allowed the landlord to do it.

There's a lot of people talking bollocks in this thread.

You are quite the arrogant knob aren't you.

Just remember....Pride comes before a fall.

If you are such an expert on business why are you asking others opinions on the 3 + 3 ? Surely you must know the answer.

You're not in Kansas any more Dorothy.

Originally Posted by yankee99

Originally Posted by liveinlos

Always those that think they know it all and end up flat on their arse.

why do presume i know it all?

Anyone with any sense at all knows if a business is making money, it is never, never, never sold in Thailand.

So you are saying every business ever sold in thailand is a loser? No one sell for a profit? No one sells because of death? No one sells for health reasons? No one sells to retire?

But always those foolish enough to buy businesses with grandiose ideas of earning a huge income to live in Thailand.

This is as far from the truth as it gets.

I guess every business in thailand is failing.

When they see you as a foreigner owner of the business, the Thai's will open up the same exact business right across the street and charge 1/2 as much.
No better place to open a restaurant then the mall food court.Did you ever notice when Mcdonalds opens BK and kfc are on the other corners? I think thats a good thing.
There is more to business in Thailand than any sane person can reasonable understand.

1. There has to be a need that Thai people can afford
2. There has to be a service NO ONE else can provide

# 1 the big problem is the profit margin earned from things Thai people can afford, you would realistically have to have 1,000+ customers a day to make enough money for a westerner to live on

Why do you think i need 1000 thai customers? How about 100 falang spending 300 baht.

Tourist related business ideas, well we all see what is happening to the Russian owned businesses now in Phuket?

Bet they never ever planned for the Thai people uprising and wanting to kick the foreigners out of Thailand, but that is exactly what happened and now the businesses are all closed.

If you think anyone will be happy if you start making money, you haven't been in Thailand long enough

if you any info on a 3+3 i would love to read it.

Name one place in Thailand that you could consistently get 100 farang customers, 30 days each month? You cannot. Not the mall in KK, not Siam Paragon, no where. There is too much competition and people eat at the brand name food places because it is cool to them. If you are going in the restaurant business get ready to lose it all on a grand scale.

Originally Posted by Prem

After 1-2 year the landlord can increase the leaseprice big time

can and will

Originally Posted by chingching

if the business becomes a success he will raise then rent and hijack the business and squeeze you out

can and normally will

Originally Posted by yankee99

Thank you but i dont really need conjecture.

then fcuk off elsewhere and ask your stupido questions then

Originally Posted by liveinlos

1,000+ customers

strange figure to quote

righto, i had maybe 30 a day on a good day, taking 10-15k baht plus

Maybe he's renting a factory. I agree with most the above particularly the issue about why he needs to ask that here

^He's never experienced a 3+3 contract or ever heard of one before I think? Not found in the USA. Commercial contracts are different there, but I dare say filled with the same possibility of owner neglect, deceit or downright fraud.

If you're in business for your self then be flexible.

Originally Posted by sunsetter

Originally Posted by liveinlos

Name one place in Thailand that you could consistently get 100 farang customers, 30 days each month?

can.

any of the 2 big resturant bars in the middle of kaosan road, any of the beer bars on soi 4, sure many of the farang pubs across thailand pull 100 plus, like pickle said, lots of bollix being floated here, the OP wont listen either so this threads worthless.

Think about what you just said and then think about the location? Don't you think the rent cost of these locations is so high that 100 customers there isn't enough either?

I have been to Soi 4 many times and many beer bars never have any customers in them so to say each one gets a minimum of 100 each day is a real stretch. Visit Soi 4 from April to October and all you find is the locals. There sure aren't 100 of them in each beer bar every day either

Now ask the op where is his location is and probably far, far away from downtown tourist ville

One thing any one that has lived in Thailand a long time understands?

If there was a way to make money, every single farang in Thailand would be doing the same business

I think the smart ones realize making money is more of a challenge than they think

And for all of those posters about to pipe off, show some facts like tax receipts or don't bother telling us how many millions you make each month unless you happen to be Thaksin's illegitimate brother (white of course)!

Dunno why he bothered asking as he seems to have everything covered.

^

Originally Posted by liveinlos

If there was a way to make money, every single farang in Thailand would be doing the same business

I suppose we're limited to those individuals who run small business not those who open corporate type businesses? You know Honda, Toyota, Samsung, etc.?

There's this one Ferang who is owner and operator of Subway franchises, Pizza Hut and Sizzler restaurants. I think he has a few connections with a hotel chain as well. He seems to be doing quite well.

The past owner of California Wow or gyms was doing quite well and listed on the S.E.T., recently went tits up due to corrupt book keeping and poor sales.

There's probably more ferangs doing well in business here than as advertised. Joint venture corporations straw companies are abundant here. Most financed by foreign capital.

If you want a bar or cell phone shop noodle shop etc then perhaps you're not going to make much of an impact, but if you have a good business plan, good product and capital backing I'm certain you can enter the Thai market place with ease and make some money.

Why Thailand? Because you like it here? Cheap labor, low taxes, and pretty much corruptible infrastructure in business dealings.

^
I still say the ones doing very well in big business in Thailand are the Chinese. The number of other nationalities in this arena is very small. Chinese money pretty much runs Thailand as well as many other countries throughout the world (including the US).

Originally Posted by liveinlos

I have been to Soi 4 many times and many beer bars never have any customers

was there yesterday, and golden bar easily pulled 100, as did many of the others, numbers game, those bars do a lot better than you think,easy to say that golden bar would pull 1000 dollars per day,no sweat.

^Its had a few of mine over the years.

Recon Tescos opened here because the boss came on holiday here and then needed an excuse to come back alone...



Bet a few are here coz of that..

Originally Posted by rickschoppers

I still say the ones doing very well in big business in Thailand are the Chinese.

Perhaps if you look at import/export business? Currently the biggest single investor is Japan. Remember 68,000 Japanese call Thailand "home."

With the new roads and bridges being built across the Mekong the place is about to go ballistic with Chinese imports. The 2015 Asian open door is about to corrupt any sign of order in business enterprise anywhere in Asia.

Already Singapore is backing up against the invasion of "foreign labor and business enterprises on the horizon."

As usual the open free trade agreements in Asia are about to implode an entire continent. Looking for a real trade war to break out in the coming months and increasing in negative reactions by Asian members as the date gets closer.

Originally Posted by ltnt

Originally Posted by rickschoppers

I still say the ones doing very well in big business in Thailand are the Chinese.

Already Singapore is backing up against the invasion of "foreign labor and business enterprises on the horizon."

closer.

Yes it will be interesting to see how this works. Does this mean rich thai families can come to Singapore and open a big business without a Singaporean partner and vice versa? Talk about upsetting the elite apple cart

Originally Posted by ltnt

Originally Posted by rickschoppers

I still say the ones doing very well in big business in Thailand are the Chinese.

Perhaps if you look at import/export business? Currently the biggest single investor is Japan. Remember 68,000 Japanese call Thailand "home."

With the new roads and bridges being built across the Mekong the place is about to go ballistic with Chinese imports. The 2015 Asian open door is about to corrupt any sign of order in business enterprise anywhere in Asia.

Already Singapore is backing up against the invasion of "foreign labor and business enterprises on the horizon."

As usual the open free trade agreements in Asia are about to implode an entire continent. Looking for a real trade war to break out in the coming months and increasing in negative reactions by Asian members as the date gets closer.

I am not talking about imports/exports, I am talking about who owns the most large businesses in Thailand and who is holding the most money in national debt.

Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury.

OP you register a lease on the charnote title if 3 years or over, after that the rent can be re negotiated. no bit of paper signed outside of that counts. It does not come under the civil code, it's just a piece of paper.
There are ways of doing things if you are talking real business stuff, not bars etc.
You need to look, if what you are doing is viable long term.
People from the west do do business here, but it's not normally from selling beer or food. Jim

This subject has come up on a number of occations on TD.
Still don't have a definate answer.
Can anyone nail it down, properly with some proper Thai legalese.
I see what you're saying D.Randy.... but my understanding is that there is no true basis in Thai law that supports what you are saying.
Therefore I'm going with Jimmy Collender's coments.
That's more along the lines of the 30+30 deal which I still don't thimk is legal.