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- What is the difference between a residential "One-room" (studio) and an "Officetel"?
- One-rooms are usually in low-rise buildings and often owned by a single landlord, offering a cozy environment with essential amenities.
Officetels are primarily located near subway stations and are fully equipped with built-in appliances (washers, fridges, AC, closets), offering higher urban convenience.
- How much is the typical security deposit for a studio near university areas?
- It varies by size and lease type. Usually, it ranges from 5 to 10 million KRW.
Short-term "full-option" rooms may have lower deposits, while premium or larger houses with higher monthly rent can require 20 million KRW or more.
- What is the standard lease term? Is short-term rental possible?
- Long-term contracts (1 or 2 years) are standard.
However, many "fully furnished" units allow short-term leases (under 1 year), often with a lower deposit of under 5 million KRW.
- Are essential appliances like a fridge, washer, and AC included?
- Yes, most one-rooms in Korea are "Full-option," meaning a refrigerator, washing machine, and air conditioner are already installed for your convenience.
- Must I pay a monthly maintenance fee? What does it cover?
- Yes, it covers building cleaning and common area maintenance.
In some buildings, services like high-speed internet are also included.
- How are utility bills like electricity, water, and gas calculated?
- These utilities are typically billed based on your actual usage.
You only pay for what you consume each month.
- Can I use any rental property for my foreign residence report or ARC issuance?
- Not all properties support this. Some allow it while others don't, so it is crucial to verify this with your agent before signing the contract.
- Is my security deposit legally protected?
- Yes. By filing a residence report with the Immigration Office or a moving-in report at a community center, your deposit is legally protected under Korean law.
- Do I need an ARC before signing a contract?
- Most landlords accept a passport for the initial contract.
You can apply for your ARC afterward and provide the number to the landlord or manager later.
- When exactly will my deposit be returned?
- Technically, it is returned on the day the lease expires.
However, depending on the landlord's situation, it may take 1 to 3 days after consultation.
- Are there brokerage fees when signing a contract?
- Yes. Fees are calculated based on legally mandated rates in Korea, determined as a percentage of the total transaction value.
- Can I ask more questions if I have other concerns?
- Certainly! Based on 25 years of professional experience in both domestic and international real estate, I provide realistic and legal advice. Feel free to contact me via SNS anytime.
