Korean Job Discussion Forums

[crazy_arcade]

I just need some info here about housing.

I've been living in my public school provided officetel for the last year and I really hate it. I asked my school if, upon resigning, I could be moved to a different location or find my own housing.

My co-teacher has told me that the school put down a hefty deposit (can't remember the Korean term...Chae...something?) and that they have a two year agreement on it. The school used the same officetel for two years prior with the previous teacher. She told me that it's impossible for me to move housing.

Does anyone have any information about this kind of stuff? I love my school but I can't live in that building for another year. Thanks.

[Thunndarr]

That sounds about right. I have a two year rental agreement with my landlord also. However, if your school talked to your landlord you might be able to move out, but only if they line up someone else to move into your apartment and pay the key money.

But...that is probably more hassle than your school wants to deal with so they probably won't bother.

[just because]

It isn't impossible, just a big hassle..

To break the contract you will need to find someone to take over the lease so to speak. basically to put down the same key money so your boss can pull it out..

If it is a lot of key money it could be hard but if it is a small one-room then it shouldn't be too hard at all...

[endofthewor1d]

[crazy_arcade]

well..there will be a bunch of new teachers moving into the area. I think I might try to convince my school to get a different school to take my place over. It's a worth a try, right?

[endofthewor1d]

[TheUrbanMyth]

[just because]

Also another reason cheonsae is so popular is the risk moves from the the owner to the renter as the owner doesn't have to worry about monthly rent and has security in hand in case you want to do somethin g silly....

Many koreans are a little slack at paying the rent(as some are in the west as well) so if a big chunk of change is put down then that doesn't become a worry anymore..

Of course, the money made from it is less but the risk of losing money for the owner becomes minimal

[Jasobang]

If you pay the officetel's owner's 부동산 fees (복비??) for renting to a new tenant and your school's fee for the new place, then it's just the matter of the hassle that youi have to deal with.

In that case, however, you probably won't find anything better for the deposit money the school has for an apartment. Another option would be to find another tenant, through a 부동산 and tell the school that you would like to go on housing allowance next contract.

In the end, it's pretty much up to the school. If you have a good relationship and plan to stick around a while, I'm sure they will be more than happy to help you out.

I've moved mid-contract many times, it really isn't that hard. Timing is the hardest thing.

[Jasobang]

Actually, I've found that in many cases the deposit is used to either pay a loan from the bank incurred in buying the property, or to pay the tenants who are leaving. The original idea of ROI has been lost.

[Thunndarr]