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My landlord sold my jutaek without even telling me...

 
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Adventurer



Joined: 28 Jan 2006
PostPosted: Fri Jan 25, 2013 4:04 am    Post subject: My landlord sold my jutaek without even telling me... Reply with quote
Yesterday, I came back from work and some hours later some random people rang the door bell wanting to be let in. I wondered if my landlord sold the place. I called his son-in-law, and he said he called the landlord and found out my place was sold. Where does that place me legally in regards to having to stay or my key money?


I'm NOT a happy camper.
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Lazio



Joined: 15 Dec 2010
PostPosted: Fri Jan 25, 2013 5:32 am    Post subject: Reply with quote
It�s a common practice to buy apartments and such with tenants living in them. Especially when there is a jeonse tenant so the new owner only needs to pay the difference between the market value of the place and the jeonse deposit. The new owner will be responsible to pay back your key money.
It is really a cunt move from the owner not to tell you anything about the whole thing though. Head down to the budongsan which handled your contract and figure out what is the situation. As far as I can tell you should be able to complete the rental contract.
You have to get your contract modified by the budongsan and have the new owner�s information written on it as he/she is the one who holds your key money now. Not sure if you have to register this edited contract with the Gu office but better safe than sorry and it really isn�t much of a hassle.

I could be wrong though as I don�t know any if the details.

Last edited by Lazio on Fri Jan 25, 2013 6:17 am; edited 1 time in total
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highstreet



Joined: 13 Nov 2010
PostPosted: Fri Jan 25, 2013 6:01 am    Post subject: Reply with quote
This happened to me. You can sign a new contract with the new owner, but it's unnecessary.
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Adventurer



Joined: 28 Jan 2006
PostPosted: Fri Jan 25, 2013 9:50 am    Post subject: Reply with quote
highstreet wrote:
This happened to me. You can sign a new contract with the new owner, but it's unnecessary.


So if I don't sign a new contract what happens? I didn't sign a one year.
I signed up for a 9 month lease. I'm done technically by August. I assume I must stay as a tenant under the new landlord. Anyway, it was a very bad move by the old landlord not to tell me, and it was not nice of the new landlords to simply show up without me having any advanced warning. I would want to be prepared if guests are coming over, you know?
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slothrop



Joined: 03 Feb 2003
PostPosted: Fri Jan 25, 2013 10:14 am    Post subject: Reply with quote
edit

Last edited by slothrop on Thu Feb 21, 2013 11:24 am; edited 1 time in total
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Died By Bear



Joined: 13 Jul 2010
Location: On the big lake they call Gitche Gumee
PostPosted: Fri Jan 25, 2013 4:03 pm    Post subject: Reply with quote
Is your area slated for redevelopment in the future?
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dairyairy



Joined: 17 May 2012
Location: South Korea
PostPosted: Fri Jan 25, 2013 4:09 pm    Post subject: Reply with quote
slothrop wrote:
it's wierd that someone bought the place without ever seeing it.



Maybe they saw it when the tenant was not there. That's not kosher, either.
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Adventurer



Joined: 28 Jan 2006
PostPosted: Fri Jan 25, 2013 6:36 pm    Post subject: Reply with quote
Died By Bear wrote:
Is your area slated for redevelopment in the future?


No that I'm aware of. The son-in-law of the previous landlord said that as far as he understand I'd finish up my lease based on the old terms, and I would pay the new landlords. However, how would have the new landlords just expected me to open to them when the visit was not expected, and I didn't even know the place was sold? It seems like strange behavior.
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schwa



Joined: 18 Jan 2003
Location: Yap
PostPosted: Fri Jan 25, 2013 6:55 pm    Post subject: Reply with quote
The terms of the lease you signed should still be binding.

I dont know about any rules regarding unannounced visits when a place is on the market, but I do know its common practice. Consequently they dont expect everything to be pristine, as Korean families often live pretty messy too. I know this from my own house-hunting experience when I'd show up unannounced with my real estate agent to view places.

My last place, I got a knock on the door one morning, was informed my place had been sold, & some strangers poked around for a few minutes. I was in month-by-month post-lease mode at that point & I was given one month's notice. They were relatives of the new owner, otherwise two month's notice would have been required.

For me anyway, it worked out brilliantly. A few days later my agent showed me an awesome place.

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Last edited by schwa on Fri Jan 25, 2013 9:10 pm; edited 1 time in total
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highstreet



Joined: 13 Nov 2010
PostPosted: Fri Jan 25, 2013 8:59 pm    Post subject: Reply with quote
Adventurer wrote:
highstreet wrote:
This happened to me. You can sign a new contract with the new owner, but it's unnecessary.


So if I don't sign a new contract what happens? I didn't sign a one year.
I signed up for a 9 month lease. I'm done technically by August. I assume I must stay as a tenant under the new landlord. Anyway, it was a very bad move by the old landlord not to tell me, and it was not nice of the new landlords to simply show up without me having any advanced warning. I would want to be prepared if guests are coming over, you know?


The original contract is binding. Everything is the same.

What bothered me was that people warn against renting a house from a person who has incurred a large amount of debt. But the owner can sell the building and transfer your deposit to the buyer without even asking. What if the new owners also have piles of debt? It's confusing.
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