Introduction: The landlord in front of me is not the owner on the register! I was introduced to a rented apartment for less than market value, with a clean building and no mortgage (registered). Wanting to sign a lease right away, I obtained the real estate registration certificate, only to see a smiling face in front of me in the owner column...
New construction site near Seocho-gu, Seoul, auctioned for 641,000 tpa (3,000 tonnes) above appraised value... The question of the "value of time" is being raised. News continues to surface that the number of real estate auction applications is rapidly increasing. However, these applications are mostly concentrated in residential housing, officetels, and commercial complexes.
Can a commercial tenant refuse to renew a lease even the day before its expiration date? Through recent consultations with landlords, I learned that many people misunderstand the tenant's right to refuse to renew a lease under the Commercial Building Lease Protection Act (hereinafter referred to as the "Commercial Building Lease Protection Act"). I will briefly explain the tenant's right to refuse to renew a lease using a case study.
