In order to obtain preferential repayment rights for the rental deposit under the Commercial Building Lease Protection Act (hereinafter simply referred to as “this Act”), in addition to obtaining the counter requirements, a confirmed date must be met on the lease agreement. If only the counter requirements are obtained, a defense of simultaneous performance against the purchaser's transfer request may be made until the deposit is returned...

Continue ReadingReal estate law: Confirmed date in the lease agreement

Since the end of last year, I have been carrying out real estate consulting work on rental properties. The client company plans to relocate part of the facility currently in use to another building. The building in use is an apartment building with multiple tenants, and each lease contract period is…

Continue ReadingReal Estate Knowledge: Restoration/Dispute/Resolution Plan after Lease Agreement Ends

Mugyo-dong and Dadong are areas that can be said to be the origins of ‘food alleys’ in Korea. This commercial district, which has been around for a long time and is not occupied by franchises or a mixture of them in every major commercial district, but by long-established stores armed with their own expertise, is included in the Michelin list every year...

Continue ReadingReal Estate Knowledge: Redevelopment and Wind of Change in Seoul’s Downtown Area

Korea's No. 1 fitness brand Spoany provides differentiated Any 4 services, meaning that it is a sports center that anyone can use conveniently and without burden, anytime, anywhere, and has 21 years of business experience (as of January 2024), 100 stores. Directly managed store operation (as of January 2024),…

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KoDATA (Korea Rating Data), a technology/credit big data platform for leaders in the era of big data, was established in 2005 as a specialized corporate credit rating agency with investment from policy financial institutions and commercial banks as part of strengthening the competitiveness of small and medium-sized businesses. By accumulating over 12 million corporate databases (DB), the largest in the country...

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Reunite, Refresh, Reward, Recommit!2024 RE/MAX R4 ConventionThe world's largest real estate exhibition, Remax R4 Convention, was held at the Mandalay Bay Resort in Las Vegas, USA from Monday, March 25th to Thursday, March 28th. R4 Convention is held every year from February to March…

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2024.03 Comprehensive Housing Price Index 2024.03 Monthly Sales Price Index Note The comprehensive housing sales price index maintained a downward trend in all regions except Seoul. However, the decline narrowed across the country (-0.14% → -0.12%), the metropolitan area (-0.15% → -0.11%), the five major metropolitan cities (-0.23% → -0.22%), and local areas (-0.14% → -0.13%). It was done…

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Click on the photo to see detailed product information. For sale, Suwon Joo Medical Building, sale price KRW 6.5 billion, Principle Max Golden J Partners 031-285-1003, Golden J Partners Co., Ltd. Real Estate Brokerage Corporation CEO Lee Jae-moon 031-285-1003, Gugal-dong, Giheung-gu, Yongin-si, Gyeonggi-do 41463- 2019-00066 Gangnam Hill Hospital sale price KRW 33 billion Principle Max Golden J Partners 031-285-1003 Lee Jae-moon, CEO of Golden J Partners Real Estate Brokerage Corporation 031-285-1003 Gyeonggi-do…

Continue ReadingApril sale/lease information