Le Monaco - Phaya Thai 11 (Listing # PL11634)
Le Monaco is located on or near Phaya Thai 11 Road in the Ari neighborhood of central Bangkok. This property is located within walking distance to the Ari BTS station. The station is about a 10 minute walk from the property which is about 849 meters away from the station. The building amenities include swimming pool, sauna, fitness center in addition to full-time on-site security.
What many people like about the Ari community is the balanced mix of the traditional Thai style and the modern. Ari is not yet over crowded with super malls as much of Central Bangkok and retains some of Bangkok’s old charm including plentiful street stalls, local cafes and shops.
The prices for real estate in Ari including rentals is not as cheap as one would expect. Since Ari real estate is mostly new, the Western style, luxury condos are at a premium. As more and more properties become available the prices for Ari condos and apartment rentals should become stable as supply should soon be able to meet demand.
- Raywadee School
- Samsen Kindergarten
- Suwitcha Kindergarten
- Suanbua School
- Moka Beauty
- Samsenwittayalai School ? 1.3 km (4 minutes by car)
- Moka Beauty, located within 190 m away (approximately 2 minutes by foot)
- Sipathum University, Phaya Thai Campus
- Public Relations School
- Pinthip Kindergarten
- Chatuchak Weekend Market (Kamphaeng Phet Rd.)
- Victory Point Outdoor Bazaar (Phaya Thai Rd.)
- Big C Superstore Saphan Khwai (Phaya Thai Rd.)
- United Nations
- La Villa Community Mall (Pahol Yothin Rd.)
- Bangkok Cancer Center Hospital (Rama 6 Rd.)
Most foreigners use property agents when renting a condo in Bangkok. Using a real estate agency is of no cost to you and you can use the agent’s expertise in Bangkok real estate to find a perfect place and location. It is usually good to begin looking for a place a month before you intend to move in. This gives you plenty of time to see properties and allows you the chance to pay a booking fee (10-25% of the rental) if you see something you like. The booking fee will hold the condo/apartment until your move-in date and go towards your deposit and first month’s rent.
Moving into an apartment or condo requires a refundable security deposit equal to 2x your agreed monthly rent or in this case ฿140,000 THB (Thailand Baht) in addition to your 1st month’s rent of 70,000 which is due on the day you move in. Your total move-in costs for this Bangkok rental property will be ฿210,000. Your real estate agent will help you negotiate anything from rental price, included utilities, lease terms, special requirements etc. with the landlord and prepare your lease agreement which are usually in Thai and English languages.
Living Expenses & Paying Rent
Unless you are staying in a serviced residence, you will be responsible for paying your monthly utilities which will will always include electricity and water. Most Bangkok renters also have internet and cable television. For most condominiums will have to setup the services under your name and pay directly to the service providers. In the case of apartments, you will likely have to make payment to the building which may have a set fee for water. Your real estate agent can help you set up your utilities. You can pay all utility bills at the cashier of any convenient store in Bangkok. Rent payment is usually made via cash deposit or bank transfer directly into the landlord’s account.
In order to get your ฿140,000 security deposit back you must not break any terms of your signed lease agreement. This includes giving the proper move-out notice if applicable, moving out of the property by the correct date and returning the property as you rented it, with no damage to the condo itself as well as the furniture (if rented fully furnished). If you break any terms of your lease the landlord will not refund your security deposit.. If you rented a condo you will likely get your security deposit back in cash from the landlord during the week you move out. However most apartment buildings will take at least 30 days to refund your security deposit via corporate check.