Rental Housing Checklist in Korea.
Sang Kyu Noh · 2022-04-22 12:42:44
Here are some lists to double check when signing a housing contract.
1. Official Property Deed (A realtor will print out and show it to you.)
- Make sure of that the name of an official owner on the deed matches with the name on the main housing contract document.
2. Permission to register your change of address to your Alien Resident Card.
- There are too many landlords wouldn't allow their tenants to register the address to Alien Resident Card. (Foreigners who move to new places in Korea should change the address within 14days since moving in.)
3. Make sure to check the morgage of an owner to a place is less than 60% of a fair market Sale price. The morgage amount is shown on the official property deed. (A reatlor will explain when signing the housing contract.)
As you go through official realtor offcies, you will be fine. Just recommending you not to go to an owner directly and sign a housing contract.
Will come back shortly with other good stuff.
Best regards,
Smile Realty (Global Real Estate Agency)
Worldcup Buk-ro 54gil, Mapo-gu, Seoul / Tel: 02-713-7756 (+82-2-713-7756)
Sean Kim / Licensed Real Estate Agent (English Speaking Manager)
Kakao ID: SOOOOOA
LINE ID: SEANKIM7770
CELL: 010-9261-0713
Korea/Whatsapp/Telegram : +82-10-9261-0713
1. Official Property Deed (A realtor will print out and show it to you.)
- Make sure of that the name of an official owner on the deed matches with the name on the main housing contract document.
2. Permission to register your change of address to your Alien Resident Card.
- There are too many landlords wouldn't allow their tenants to register the address to Alien Resident Card. (Foreigners who move to new places in Korea should change the address within 14days since moving in.)
3. Make sure to check the morgage of an owner to a place is less than 60% of a fair market Sale price. The morgage amount is shown on the official property deed. (A reatlor will explain when signing the housing contract.)
As you go through official realtor offcies, you will be fine. Just recommending you not to go to an owner directly and sign a housing contract.
Will come back shortly with other good stuff.
Best regards,
Smile Realty (Global Real Estate Agency)
Worldcup Buk-ro 54gil, Mapo-gu, Seoul / Tel: 02-713-7756 (+82-2-713-7756)
Sean Kim / Licensed Real Estate Agent (English Speaking Manager)
Kakao ID: SOOOOOA
LINE ID: SEANKIM7770
CELL: 010-9261-0713
Korea/Whatsapp/Telegram : +82-10-9261-0713
