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Can I extend my contract?

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Landlords and tenants should notify each other of their intent to either extend or terminate the lease between 6 months and 2 months before the contract ends. If neither party expresses their intent within this period, the lease will automatically be renewed under the same terms as the previous contract, a process known as “tacit renewal(묵시적 갱신)”

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How to extend my contract?

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If no additional contract is required, you may continue living in the property. However, if a new contract is needed, you must sign for the new contract paper through the real estate agent, which will incur a contract writing fee. If you decide to extend your contract, please inform us as well so we can update the move-out date accordingly.

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FAQ

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