Rental Pool Program
Buying apartments in Layan Green Park comes with the opportunity to participate in our rental pool program which offers you 60% of the rental income.
How income is calculated
In this program, the management company handles the accommodation and guest services on the owner's behalf. Over time, the owner receives a passive income from the actual renting out of the apartment.
THE OWNER ENTERS INTO AN AGREEMENT WITH THE MANAGEMENT COMPANY
According to the contract, the apartment is reserved for the owner for 30 days a year in the summer. The owner may stay by himself or invite friends or family members.
THE MANAGEMENT COMPANY CREATES THE POOLS AND SUBSEQUENTLY RENTS THEM OUT
Pools are formed from apartments of the same type. All studios are combined into one pool, one-bedroom into another and so on. All expenses and profits are divided for each apartment in the pool in equal shares.
AT THE END OF THE REPORTING PERIOD, THE OWNER RECEIVES AN INCOME
The management company calculates the rental revenue for each pool, deducts expenses and calculates the net profit from the renting of the apartment. Next, the management company provides a full report and transfers 60% of the net profit to the owner.
Estimated payment terms
Reservation payment: THB 100,000 within 3 working days from the date of signing the Reservation
1st payment: within 30 days after the initial reservation (minus the cost of the reservation).
2nd payment: upon completion of building A glazing (March, 2023)
3rd payment: upon completion of the facade work of building A (May, 2023)
4th payment: upon completion of landscaping (July, 2023)
To participate in this program, it is necessary to purchase a full standard furniture package from the developer. It is important to note that the management company bears full financial responsibility for the apartment and solves all issues of maintenance and repair of the apartment without involving the owner.
Loyalty program
All owners of the apartments automatically become a members of the Layan Green Park loyalty program and receive benefits:
25% discount for all room categories at Layan Green Park
25% discount on spa services
20% discount on food and beverages in all outlets and room service
15% discount on transfers
Priority Check-In
Early Check-in and late Check-out, free of charge
Additional discounts from our partners are available and will be announced closer to the complex opening.
Full conditions of the Loyalty and Rewards program will be announced 6 months prior to the complex opening.