of the people, by the people and for the people

  1. home
  2. Living in Dongjak
  3. Housing
  4. Real Estate Leasing & Contract
  1. home
  2. Living in Dongjak
  3. Housing
  4. Real Estate Leasing & Contract

Real Estate Leasing & Contract

Checklist for Real Estate Leasing

  • Select a region.
    • Consider the distance to your work/school.
    • If it is your first stay in Korea, we recommend an apartment complex or studio where many foreigners live.
  • Check if your potential residence allows pets.
  • Check if you can easily buy groceries and other necessary items.
  • Check the parking garage and its capacity.
  • For families with children, check public transportation routes to school, and safety and traffic conditions.
  • Check the voltage. – 110V & 220V / TV: NTSC 60hz
  • Check the antenna of the satellite communications. (French, Russian, Italian broadcasting, etc.)
  • Foreigners need assistance to find a good place to live. Find a real estate agent who speaks your language

Documents Required before Contract

  • Tenant: Alien Registration Card (required for an individual transaction)
  • Landlord: A copy of Resident Registration Card and Registered Seal (stamp)
  • Real estate agency: Property Register (land/house), Land Register, Land Usage Plan, Rental Contract, Property Description, and a copy of Guarantee

Checklist for Rental Contract

  • Check the resident (corporate) registration number to ensure it is consistent to the number written on the contract.
  • Check the agreement once again before paying the rent (balance).
  • For extension: Contact your landlord or real estate agency one or two months before your contract ends.
  • House/Apartment management
    • Major repairs (heating, air conditioning, waterworks, gas, electricity, and pipes) should be paid by the landlord.
    • Minor repairs should be paid by the tenant.
  • Monthly maintenance and security costs (CAPS/S1 or other security agencies)
  • Resolution for conflicts – If a resolution for conflicts is provided, it will save time and costs in the event of an unnecessary conflict between the tenant and landlord.

Checklist after Contract and before Moving in

  • Check the overall condition of the house before moving in.
  • Examine the regulations of utility bills and the agreement once again.
  • Check the telephone, Internet, TV, security equipment, and fire protection equipment.

Additional things to check for

  • Make sure that the landlord has no debts before signing a rental contract.
    According to law, the real estate agency must explain the details, location, and contract of the residence accurately to the tenant.
    Examine all documents before signing a rental contract.
  • After signing a rental contract, visit a nearby Immigration Office with your passport and report your new address.
    Before that, it is better to register the date of a rental contract at a nearby Registry Office.
  • If a rental contract is signed under the name of a company or a group or under collateral security or leasehold interest, the tenant can claim his/her right at the Tax Office/Registry Office in the event of a conflict with the landlord.
    However, the tenant should bear expenses incurred due to collateral security or leasehold interest.