PROPERTY
CPB advised to seek out real tenants
- Published: 19 Dec 2012 at 00.00
- Newspaper section: Business
When a lease contract is renewed, the existing tenant and landlord should be treated fairly and new rents set close to market rates, says property expert Assoc Prof Manop Bongsadadt.
Landlords, particularly institutions such as Chulalongkorn University (CU) and the Crown Property Bureau (CPB), should favour real tenants who will renew a lease contract directly with them.
"Real tenants should stay or make a living on the rental property. If they sublease the place to second, third or fourth tenants, then they are businessmen and should be screened out," he said.
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