Ozinasia wrote: ↑Wed Sep 27, 2023 10:08 am Friend called me this morning he has to head to Thailand for prolonged medical procedure and has decided to move there at least for 12 months.
He has been renting same apartment for 5 years, through Covid his monthly check went haywire and his rent was two months in arrears going on three by the time it was sorted his landlord moved him into a cheaper apartment $600 a month until he paid then when paid back into a better one $1,200. He has just given notice and the landlord says well I cannot give you back your $3,600 deposit and advance because you broke the lease by late rent. Bloody big interest and surly not legal since they didn't boot him out. I was of the belief late rent interest is something like 3%. He was relying on his deposit to help cover his relocation but I am guessing he hasn't much of leg to stand on. Anyone had a similar problem or he just has to walk away.

ressl wrote: ↑Wed Sep 27, 2023 12:07 pm I wonder how you can spend $1200 rent per month into an apartment in Cambodia. Given that he had done that for 5 years, those are roughly $72k. Looking at it from that point of view, crying about the additional $60 per month ($3600 / 60) makes no sense to me, since this guy seems to have money to throw away anyway

rogerrabbit wrote: ↑Wed Sep 27, 2023 1:28 pm
What does his contract say about late payments? Usually in Cambodia the contract just state that if you are late more than 7 days, you will lose the deposit and you will be evicted. That is the common way in Cambodia. Usually there is no interest or anything mention.

phuketrichard wrote: ↑Wed Sep 27, 2023 2:44 pm just curious:
You say he is heading to Thailand, Is he over 50? How will he workout visas?
schools are not cheap and 3 kids.......