Did you know that when you rent a house in Korea, you don't just sign a contract and call it a day?
That's because you have to file a housing rental report!
Content summary in 30 seconds
Category | Contents |
Reporting Deadline | 30 days from the date of the lease (including the date of the contract) |
What to report | Deposit exceeding KRW 60 million
or monthly rent exceeding KRW 300,000 |
Reporting entity | Recommendation for tenant report (landlord or tenant) |
How to report | Online or offline |
Required Documents | Copy of the lease, ID, lease declaration form |
Fines | 20,000 won to 300,000 won |
Conditions under which you must report to the Residential Rental Reporting System
•
Housing contracted after June 1, 2025
•
The deposit for the house exceeds 60 million won or the monthly rent exceeds 300,000 won
⇒ You must report within 30 days including the contract date.
However, the following cases are not subject to notification
•
School dormitories
•
Military areas (excluding Gyeonggi-do)
What if I don't report?
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A fine of at least 20,000 won to 300,000 won will be added (100,000 won for false reporting)
Who needs to report?
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Both landlords and tenants are obligated to report.
•
However, it is OK to report only one → Tenants are recommended!
Required Documents
1.
A copy of your lease (original or scanned)
2.
ID (landlord or tenant)
3.
Residential rental contract notification form (filled out when visiting a civic center or entered into the system when reporting online)
•
Offline: In person at the nearest resident center in your neighborhood
If your deposit, rent, or contract period changes, you will need to report again.
The advantages of reporting are these!
You can legally keep your security deposit safe.
If the property goes to auction, the tenant can get their security deposit back first.
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