Living Information
Residence and Moving
Housing Rental
- Wolse : A lump-sum deposit(relatively small amount compared to Jeonse) and monthly payment.
- Jeonse : A lump-sum deposit is made and a tenant will receive the full deposit back after the contract(usually contract is for more than 2 years).
Cautions when making housing rental contracts
- Purchase or rental of houses through housing agencies, which is safer, is preferable to direct contracts between leaseholders and tenants. When a housing rental or purchase contract is completed, a certain amount of commission fee is paid to the housing agency.
- Before signing contracts, contracts themselves(contract deposits, contract period, rent payment method, etc.) and the transcript of the land register(collateral security, provisional seizure, etc.) of the rented house should be carefully verified.
- When making a moving-in notification to the dong-office after moving into rented house, getting a "confirmation date" on the lease contract protects the tenant's rights.
Moving
- In Korea, there are a lot of moving centers that provide all moving-related services, including packaging and moving belongings.
- To use their services, it is needed to contact some of the centers and get an estimate of costs. Upon request, the employee from the center usually visits the prospective mover's home to prepare and sign moving contracts. When preparing contracts, movers should verify the content of the contract regarding issues that can be raised during moving.
- In Korea, there are a lot of moving centers that provide all moving-related services, including packaging and moving belongings.
* Visit http://www.investkorea.org for more information on real estate and agencies.