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South Korea Commercial Landlord Disclosures: Property Information, Key Money, and Agent Obligations

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Guide to commercial lease disclosure requirements in South Korea including property registry review, converted deposit information, key money, and the agent'...

Melvin Prince
3 мин чтения
Проверено Mar 2026South Korea flag
Раскрытие информации по коммерческой недвижимостиПодтверждение-собственностиКлючевые деньгиРеестр-зданийКонвертированный-депозит

Юридическое уведомление

Этот контент предназначен только для общей информации и образования. Он не является юридической консультацией и не должен на него полагаться. Законы часто меняются — всегда проверяйте действующие правила и проконсультируйтесь с лицензированным юристом в вашей юрисдикции для получения консультации, специфичной для вашей ситуации. Landager — это платформа управления недвижимостью, а не юридическая фирма.Информация последний раз проверена: March 2026.

Commercial lease transactions in South Korea require landlords and real estate agents to disclose specific information to prospective tenants. In addition to the standard property disclosures, commercial leases involve unique considerations around converted deposits, permitted uses, and key money.

Disclosure Requirements
Per Lease and Local Law

Landlord Disclosure Obligations

Pre-Contract Disclosures

ItemDescription
Fixed-date certification statusPrior deposit claims on the property
Tax clearance certificateNational and local tax delinquency status
Property registryOwnership, mortgages, liens, encumbrances
Building registerUse designation, area, illegal construction status
Land use planZoning, development plans

Commercial-Specific Disclosures

ItemDescription
Permitted usesBusiness types allowed under building management rules
Converted deposit statusWhether the lease exceeds the regional threshold and its implications
Existing tenant informationTotal deposits from other tenants in the building
Management feesItemized breakdown (common electricity, cleaning, elevator, etc.)
ParkingAvailability, spaces, additional costs

Property Confirmation and Explanation Document

When a licensed real estate agent brokers the transaction, the agent must prepare and deliver a detailed confirmation document covering:

CategoryContents
Basic informationAddress, area, floor, structure, year built

| Rights | Owner, mortgages, seizures, liens | | Use restrictions | Zoning, urban planning limitations | | Facilities | Electricity, water, gas, HVAC, fire safety | | Management | Fees, repair reserve fund, management method | | Transaction terms | Deposit, rent, key money (if applicable) |

Commercial-Specific Agent Obligations

  • Business type restrictions — notify if building rules or zoning prohibit certain businesses
  • Business licensing feasibility — whether the location supports required permits
  • Illegal construction status — unauthorized additions or use changes
  • Nearby development plans — redevelopment or reconstruction projects

Key Money Disclosures

ItemDescription
Existing key moneyAmount paid by the prior tenant
Landlord interference historyAny past key money disputes
Remaining renewal periodHow many years remain of the 10-year renewal right

A separate key money agreement specifying the type (facility, business, location) and amount is recommended.

Best Practices for Landlords

  1. Verify building register status — business registration may be denied for illegal constructions
  2. Explain converted deposit implications — affects the scope of tenant protections
  3. Disclose permitted use restrictions — prevents post-contract disputes
  4. Itemize management fees transparently — distinguish common charges from individual charges
  5. Address key money clearly — document 10-year renewal period and key money recovery rights

Back to South Korea Commercial Lease Laws Overview.

Источники и официальные ссылки

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