When a Korean lease ends, compare more than the new monthly rent or deposit. Include moving services, brokerage fees, the new deposit, commuting time, and the cost of setting up the next home. Renewing may be better when your current terms remain competitive and the location works well; moving may make sense after a job or school change or when a clearly better property is available.
If you renew
- Use nearby listings and the home's repair history as evidence when negotiating an increase.
- Consider requesting repairs—such as mold treatment, boiler work, or new wallpaper—instead of accepting a larger increase.
- A direct renewal may avoid a new brokerage fee, but record every agreed term in writing.
If you move
Compare several quotes for full-service, partial-service, or small-truck moves. The source notes that demand can rise in February–March and August–September. Direct deals may save brokerage costs, but require extra care when checking the property register, owner's identity, and deposit risk. Lease-renewal rights and rent-increase limits depend on the contract and current rules, so verify them through an official source or qualified adviser.
Decision tip
Compare renewal and moving costs over the same period, then factor in commuting, convenience, repair needs, and contract safety.