Receiving Rent Payments
How and when landlords receive rent payments
Nomavaa will make rent payouts to landlords according to the applicable payout schedule. The payout timing for the first month's rent and subsequent months differs as follows:
Payout at a Glance
Within 5 business days
from the commencement date of the Lease Agreement
Following Monday
After Nomavaa receives the tenant's payment for that rental period
01 โ First-Month Rent
Nomavaa will initiate the transfer of the first month's rent and the cleaning fee (if any), after deducting the Nomavaa Service Fee, within 5 business days from the commencement date of the Lease Agreement, which is the tenant's Move-in Date specified in the Lease Agreement
This period refers to the time within which Nomavaa will initiate the transfer. The time required for the funds to reach the landlord's account may depend on the relevant bank or payment service provider.
Tenant Move-in Protection
For bookings covered by the Tenant Move-in Protection Policy, payouts will be subject to the conditions set out in that policy.
View details โ02 โ Subsequent Rent Payments
- 01Tenant makes payment
- 02Nomavaa receives the funds
- 03Following Monday
- 04Landlord payout
Nomavaa will pay subsequent rent to the landlord on the Monday following the date on which Nomavaa receives the tenant's payment in full and the funds have been credited to Nomavaa's account or payment system.
The payout schedule is calculated from the date on which Nomavaa actually receives the funds, not the date on which the tenant initiates the payment.
Example
If the tenant pays the rent by credit card on 1 October, it may take approximately 7โ14 business days for Nomavaa to actually receive the funds. The processing time may vary depending on the payment service provider.
For example, if Nomavaa receives the funds on Wednesday, 14 October, Nomavaa will process the landlord's rent payout in the next Monday payout cycle.
Therefore, the date the tenant makes the payment and the date the landlord receives the rent may not fall within the same period. The payout cycle is based on the date Nomavaa actually receives the funds.
Know the Payment Schedule in Advance
Landlords can view the tenant's rent payment schedule for the booking from the time the tenant submits the booking request.
03 โ Payout Account
Thai Baht
Payouts in THB
Thai Bank Account
Bank account in Thailand
Landlord's Name
Account must be held in the landlord's name
Nomavaa will transfer payouts in Thai baht to the bank account in Thailand provided by the landlord.
The payout bank account must be held in the landlord's name and must correspond with the ownership documents or documents establishing the right to rent out the property submitted to Nomavaa.
If you would like to receive payouts through an overseas bank account or another payment method, please contact the Nomavaa team for more information. Nomavaa will consider such requests on a case-by-case basis.