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Ice Tea
Joined: 23 Nov 2008
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 Posted: Sat Jul 18, 2009 9:29 pm Post subject: Apartment - Guro Station - 10million deposit/650 per month |
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My girlfriend and I are moving back to Canada, so need someone to take our apartment. It's a modern officetel located directly beside Guro Station. Real wood floors, washer, freezer, air conditioning, loft that acts as bedroom.
The deposit is 10million won, the rent is 650,000won per month. The apartment is available from August 14th.
We don't need some our furniture, so if you take the place you can have our giant rug, table, chairs, and desk for free.
Give me a call if you are interested. 010 5800 8050 |
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tatertot
Joined: 21 Oct 2008
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| Posted: Sun Jul 19, 2009 2:32 am Post subject: |
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| What is the monthly maintenance fee? Also, will they reduce the monthly rent if you put up 5 or 10 million extra key money? Thanks. |
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RobLeeTeach
Joined: 20 May 2009
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| Posted: Sun Jul 19, 2009 5:22 am Post subject: Re: Apartment - Guro Station - 10million deposit/650 per mon |
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| Ice Tea wrote: |
The deposit is 10million won, the rent is 650,000won per month. The apartment is available from August 14th.
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I'm new to the Korean rental market. Is that typical deposit money? Why is it so high? (In the States) I'm used to first month rent, last month rent, and security deposit equivalent to one month's rent. Should I expect high deposits in Korea and bring a ton of cash? |
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phoneboothface
Joined: 26 Apr 2009
Location: Korea
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| Posted: Sun Jul 19, 2009 6:03 am Post subject: Re: Apartment - Guro Station - 10million deposit/650 per mon |
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| RobLeeTeach wrote: |
| Is that typical deposit money? Why is it so high? (In the States) I'm used to first month rent, last month rent, and security deposit equivalent to one month's rent. Should I expect high deposits in Korea and bring a ton of cash? |
Yes it is typical for most of Seoul. You can live in the ghetto around Itaewon and find places for 5m down or less. Fully refundable when your contract is up or before if you find someone to take your place.
It is high because ajumma landlords rule here (this question is a whole thread onto itself). You should expect higher deposits. Hopefully your school will take care of it. If you're rich/want a nicer place bring mo' money. |
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Ice Tea
Joined: 23 Nov 2008
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| Posted: Mon Jul 20, 2009 6:21 am Post subject: |
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My deposit is actually on the low side given how nice the place is. You get it back.
I'm not the landlord so I don't know about lower the rent with more key money. I'll post the number of my realtor tomorrow and you can discuss it with her. The place is a good deal, really. |
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phoneboothface
Joined: 26 Apr 2009
Location: Korea
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| Posted: Mon Jul 20, 2009 11:49 am Post subject: |
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| Ice Tea wrote: |
| I'll post the number of my realtor tomorrow and you can discuss it with her. The place is a good deal, really. |
Why don't you cut the realtor out of it to make it a better deal for / easier to find the next tenant? |
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blackjack
Joined: 04 Jan 2006
Location: anyang
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| Posted: Mon Jul 20, 2009 3:07 pm Post subject: |
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| tatertot wrote: |
| What is the monthly maintenance fee? Also, will they reduce the monthly rent if you put up 5 or 10 million extra key money? Thanks. |
Standard rules are every 5 million down means 50,000 off the monthly rent
so 5 million down minus 50,000
10 million down minus 100000 |
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Ice Tea
Joined: 23 Nov 2008
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| Posted: Mon Jul 20, 2009 10:31 pm Post subject: |
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It's standard practice to work through a realtor in Korea. Typically the landlords own multiple places and don't give too much attention to them. And I'm pretty sure a realtor must sign the lease.
It's an officetel so the maintenance fees are not low like in a three story house complex, but on the plus side recycling and garbage is taken care of. I'm not sure exactly what the fee is (my wife deals with these things) as water, electricity, and hot water is included in the bill. Last month it was 150,000.
Oh yeah you get your hot water comes through the building's system, so it's always on, not like other systems where you must turn on the heater and wait.
Realtor's number is 2677-5737 |
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phoneboothface
Joined: 26 Apr 2009
Location: Korea
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| Posted: Mon Jul 20, 2009 10:51 pm Post subject: |
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| Ice Tea wrote: |
It's standard practice to work through a realtor in Korea. Typically the landlords own multiple places and don't give too much attention to them. And I'm pretty sure a realtor must sign the lease.
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I've done it without one. My landlord owned multiple places. Hopefully I didn't spliff you too bad or whatever but it would save someone money if you didn't use one. What would be the point if you find the person yourself, anyhow? Think of the 'for sale by owner' signs in the West...
Disregard / flame me but I think it might actually help you find a tenant quicker if they knew it was gonna be cheaper ie no agent. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Tue Jul 21, 2009 1:36 am Post subject: |
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The realtor should only get a commission (ie payment) if you found the apartment through them.
So, if you walk into a realtor's office and they find you a place then you pay them the fee.
If the OP finds someone to rent themselves, then there shouldn't be any realtors involved. |
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Ice Tea
Joined: 23 Nov 2008
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| Posted: Sat Jul 25, 2009 12:41 am Post subject: |
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| Plans have changed. Apartment is now available from August 21st |
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Easter Clark
Joined: 18 Nov 2007
Location: Hiding from Yie Eun-woong
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| Posted: Mon Jul 27, 2009 5:58 pm Post subject: |
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| It's not in the Opus building, is it? |
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Ice Tea
Joined: 23 Nov 2008
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| Posted: Wed Jul 29, 2009 2:13 am Post subject: |
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| No, that building is down the street |
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Ruthdes
Joined: 16 Oct 2008
Location: Seoul
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| Posted: Wed Jul 29, 2009 3:45 pm Post subject: |
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| phoneboothface wrote: |
| Ice Tea wrote: |
It's standard practice to work through a realtor in Korea. Typically the landlords own multiple places and don't give too much attention to them. And I'm pretty sure a realtor must sign the lease.
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I've done it without one. My landlord owned multiple places. Hopefully I didn't spliff you too bad or whatever but it would save someone money if you didn't use one. What would be the point if you find the person yourself, anyhow? Think of the 'for sale by owner' signs in the West...
Disregard / flame me but I think it might actually help you find a tenant quicker if they knew it was gonna be cheaper ie no agent. |
I agree with this and the next post. For those who don't know, in Korea, both the landlord and the tenant pay a commission to the realtor when the lease is signed. I don't know what the US situation is like, but in Australia, the realtor takes a percentage of the rent and has an ongoing relationship with the tenant and landlord. Here, the realtor is out of the picture after the lease is signed. Therefore, if you find a tenant yourself, neither have to pay the commission. I've found that landlords are generally quite eager to avoid using a realtor. Maybe not Ice Tea's landlord, but for any prospective tenant it would be worth looking into. It could save you 300,000 won. |
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red_devil
Joined: 30 Jun 2008
Location: Korea
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| Posted: Wed Jul 29, 2009 4:42 pm Post subject: |
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| Except for many people (with limited to no Korean ability) the options to find places is limited to at best a handful of sites of which each decent apt posting is contested on by everyone else. It's it like w4m section on CL. ROFL. |
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