The existence of the Management Committee is very important!

The author is a Korean and is in the house rental business.

This article is helpful when renting a house in Korea.

 

Today, I will tell you that foreigners should consider the existence of a management committee(Korean 관리위원회) when renting officetels in Korea.

The officetel is the most convenient type of housing for foreigners to stay in Korea for a long period of more than one month.

Officetel provides built-in home appliances to foreign long-erm renters, so it must be a very attractive residential type.

So, what are the important points to check when renting an officetel?
It depends on the viewpoint, but it may be important to lower the cost of maintenance if it is necessary to save the housing cost as much as possible.

If low housing costs are important to you, be sure to check them out.

In addition to the basic rent, the area where you need to manage the most expenditure must be the management fee(Korean 관리비).

So, where is the difference between the low and high management fee?
It is the difference between whether or not a management committee is formed in the complex. This is very important.

If there is a management committee in the complex, the management fee will be reasonable (lower), and if the management committee is not formed, there is a very high possibility of receiving the management fee at the level of a bomb.

To understand this, if you know what a management committee is, you will be able to understand it right away.

The management committee refers to the meeting of the representative managers of the officetel's owner (tenant) meeting. The fact that the management committee is formed in the officetel is the key to receiving a reasonable management fee because the director of the management office or members of the management office cannot freely spend expenses, and it is placed under the approval or supervision of the management committee.

 

How do I check? That's simple.
You can ask real estate agents or renters.

 

It is difficult for foreigners to know whether the management committee exists, and it is difficult to know that management costs are affected by the existence of the management committee.

So far, we have investigated the impact of the existence of a management committee when foreigners rent officetels in Korea.

Please read and check this post carefully to save on unnecessary expenses in the future.

 

If you have any questions, or if there is something that you do not understand due to poor English sentences, please contact me in the comments. 

I will explain in as much detail as possible.

 

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