A Step-by-Step Guide to Renting a Home in Korea
Step 1. Find a Property
Browse available properties and choose the one that best fits your needs.
? Find the right home.
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Step 2. Pay the Holding Deposit
If you decide to rent the property, you may pay a Holding Deposit to reserve it. Once paid, the property is usually taken off the market.
? Reserve the property.
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Step 3. Sign the Lease Agreement
After both the landlord and tenant agree to the lease terms, the official lease agreement is signed.
? Review and sign the contract.
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Step 4. Pay the Contract Deposit (If it is needed)
When signing the lease, you pay the Contract Deposit. If you have already paid a Holding Deposit, you only need to pay the remaining amount required for the Contract Deposit.
? Complete the required contract deposit.
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Step 5. Pay the Remaining Security Deposit & First Month's Rent
Before moving in, pay the remaining Security Deposit, the first month's rent, and any maintenance fees if required.
? Complete all remaining payments.
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Step 6. Move In
Receive the keys and move into your new home.
? Welcome to your new home in Korea!