Korean Lease Contract Explained 주택임대차계약서

Every line, explained

The words on the sample above, in order.

• 소재지sojaejisojaejiAddressThe address of the home. It must match the building register and the property register (등기부등본) exactly, including the unit number.🔊 Listen
• 임차할부분imchahalbubunimchahalbubunPart being rentedWhich part of the building you rent — the whole unit, or one room. 전용 is the private floor area.🔊 Listen
• 계약의 종류gyeyagui jongnyugyeyagui jongnyuType of contractA new contract, a new contract agreed with the same landlord, or a renewal using your legal right to renew.🔊 Listen
• 미납 국세·지방세minap gukse·jibangseminap gukse·jibangseUnpaid national and local taxesWhether the landlord owes taxes. Unpaid taxes can be paid ahead of your deposit if the home is sold at auction. You can ask the landlord to show proof of tax payment.🔊 Listen
• 선순위 확정일자 현황seonsunwi hwakjeongilja hyeonhwangseonsunwi hwakjeongilja hyeonhwangEarlier tenants’ fixed datesWhether other tenants already have deposits with fixed dates in the building — they come before you in line. Important in multi-unit houses (다가구주택).🔊 Listen
• 보증금bojeunggeumbojeunggeumDepositThe lump sum returned when you move out. Amounts are often written in Korean words (일천만원 = ten million won) so they cannot be changed.🔊 Listen
• 계약금gyeyakgeumgyeyakgeumDown paymentUsually about 10% of the deposit, paid when you sign. If you cancel, you normally lose it; if the landlord cancels, they normally pay back double.🔊 Listen
• 중도금jungdogeumjungdogeumInterim paymentAn optional middle payment between signing and moving in.🔊 Listen
• 잔금jangeumjangeumBalanceThe rest of the deposit, paid on moving day. Check the property register again just before paying it.🔊 Listen
• 차임(월세)chaimchaimMonthly rentThe rent and the day it is due. Pay only into an account in the landlord’s own name.🔊 Listen
• 관리비gwanribigwanribiMaintenance feeMonthly building costs. If it is a fixed amount, ask for what it includes in writing — and what is billed separately. See maintenance fee bill.🔊 Listen
• 제2조 임대차기간je2jo imdaechagiganje2jo imdaechagiganLease termStart and end dates. By law a residential lease is treated as at least 2 years, even if a shorter term is written (you may still leave at the shorter term).🔊 Listen
• 제3조 입주 전 수리je3jo ipju jeon surije3jo ipju jeon suriRepairs before moving inAnything the landlord must fix before you move in, and by when.🔊 Listen
• 제9조 계약의 종료je9jo gyeyagui jongnyoje9jo gyeyagui jongnyoEnd of the contractYou return the home in its original condition (normal wear excepted); the landlord returns the deposit.🔊 Listen
• 제10조 비용의 정산je10jo biyongui jeongsanje10jo biyongui jeongsanSettling costsUtilities and maintenance fees are settled when you leave — and you can claim back the long-term repair reserve (장기수선충당금) you paid.🔊 Listen
• 제12조 중개보수je12jo junggaebosuje12jo junggaebosuAgent’s feeThe real-estate agent’s fee, paid by each side. Check the legal maximum with the rent calculator.🔊 Listen
• 제13조 중개대상물 확인·설명서 교부je13jo junggaedaesangmul hwagin·seolmyeongseo gyobuje13jo junggaedaesangmul hwagin·seolmyeongseo gyobuAgent’s explanation sheetThe agent must explain the property and hand you this sheet, which lists rights and debts on the home.🔊 Listen
• 특약사항teugyaksahangteugyaksahangSpecial termsExtra agreements. Useful ones: the landlord will not take a new mortgage before you move in; the deposit is returned on the end date; the contract is cancelled with a full refund if the home has rights you were not told about.🔊 Listen
• 확정일자 부여란hwakjeongilja buyeoranhwakjeongilja buyeoranFixed-date stampThe 확정일자 stamp that gives your deposit its place in line. You get it at a 주민센터, a registry office or automatically when you file a rent report.🔊 Listen

Other words you may see

• 임대인imdaeinimdaeinLandlordThe owner renting out the home. Check the name against the property register.🔊 Listen
• 임차인imchainimchainTenantYou.🔊 Listen
• 전세jeonsejeonseJeonseA large deposit and no monthly rent.🔊 Listen
• 월세wolsewolseWolseA smaller deposit plus monthly rent.🔊 Listen
• 등기부등본deunggibudeungbondeunggibudeungbonProperty registerThe official record of the owner and any mortgages. See property register guide.🔊 Listen
• 근저당권geunjeodanggwongeunjeodanggwonMortgage (lien)A bank loan secured on the home. It is paid before your deposit at auction.🔊 Listen
• 전입신고jeonipsingojeonipsingoMoving-in reportFor foreigners the change-of-address report has the same effect. See change of address.🔊 Listen
• 계약갱신요구권gyeyakgaengsinyogugwongyeyakgaengsinyogugwonRight to renewYou can ask to renew once, between 6 and 2 months before the end; the new term is 2 years and rent can rise by at most 5%.🔊 Listen
• 원상복구wonsangbokguwonsangbokguRestoring the homeReturning the home as it was, apart from normal wear and ageing.🔊 Listen

Related

• Apartment Maintenance Fee Bill Explained관리비 고지서Shared costs, your own usage, and the repair reserve you can claim back.See it explained →
• Electricity Bill Explained전기요금 청구서kWh, the three price tiers, and the extra lines on a KEPCO bill.See it explained →

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