During residence or business in a public building, the tenant is responsible for paying the management fee. Among the management fees, there are items that the lessor (landlord or shop owner) is originally responsible for paying, but for convenience, the tenant pays them all at once each month. And when moving out, you should calculate and request the total amount of the long-term repair reserve..
According to a news report, the percentage of unlicensed real estate agents who borrow a licensed agent's qualifications to carry out their activities is estimated to be about 30%. It is said that with 2 million won, one can borrow a qualification. What is even more surprising is that unlicensed business owners replace licensed agents every year. When you sign a real estate contract, you are req..
The main offender in a lease scam used his daughter's name instead of his own to carry out the scam. The daughter who lent her name would have had no choice but to become the debtor. There was news that the daughter had filed for personal rehabilitation. If there was income or disposable property, it would not have been difficult to file for bankruptcy. The court issued a comprehensive prohibiti..
It is impossible to prevent rental fraud completely. However, it is important to know at least some important information when signing a real estate lease contract. 1. Avoid homes with high loan-to-value ratios. If a landlord who owns a house has acquired the house through “gap speculation,” meaning that the majority of the bank loan and the deposit to enter the house were paid, and the landlord..
A group of real estate fraudsters reportedly established a corporation to commit fraud. The plan seemed to be to reduce personal responsibility if the corporation went bankrupt after committing real estate fraud. However, this group of real estate fraudsters reportedly used the LH Korea Land and Housing Corporation's Jeonse lease system to raise more funds at once after purchasing a villa. LH's ..
The Housing Lease Reporting System, also known as the Monthly Rent Reporting System, requires a report to be filed for all rental agreements. Failure to report could result in a fine of 1 million won. The system requires both the tenant and the landlord to report the details of their lease agreement, including the lease term and rent amount. The system applies to new and renewed rental agreement..
Starting in October 2022, the target for disclosing management fees through the Joint Housing Management Information System has been expanded from the existing 100 households to 50 households or more. However, from as early as 2024, details of management fees for small-sized housing under 50 households will also be disclosed. The Ministry of Land, Infrastructure and Transport is planning to prom..
An officetel can be used for commercial or residential purposes. If it is used for commercial purposes, the value-added tax paid when purchasing the officetel can be refunded. In this case, it is not included in the number of houses owned, so if you own another house, you can be exempted from property tax and comprehensive real estate tax as a non-multiple homeowner. If used for residential purp..
After a real estate contract has been signed, it is possible to verify the landlord's delinquent taxes through the tax office or local government without the landlord's consent. If the real estate lease contract contains a special clause stating that the contract will be canceled if the landlord's delinquent taxes are confirmed, the contract can be canceled. However, in most cases, when a real e..
There are a few things to keep in mind if you want to know about the landlord's unpaid taxes as a tenant. You need to look at both 'national taxes' and 'local taxes'. You can check national taxes at the tax office and local taxes at the local government office. Before signing a contract with the landlord, you need to obtain their consent. However, once you sign a lease agreement, you can check t..
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