1. What is typical rental/lease term? Nowadays typical rental term is 2 years, but it is renewable when the relative parties reach mutual agreement, which require readjustment of lease charges. However, rental term is usually longer than 2 years in expatriates realty market in Korea besides small-size apartments, officetel or One?room(Studio) markets. Monthly lease charges are much higher than that of regular resident’s, but it is popular with temporary residential seekers. 2. Who is the responsible for other extra charges ? The tenant should be responsible for extra charges such as air conditioning, heating, security, cleaning & maintenance charges, which are usually classified as utilities and management cost. 3.How to calculate the space for lease ? Generally gross space include balcony, parking lot, stairway and so on, since usually rental square or rental area is so called gross space as net space is about 65% of gross space and net space is available only for you and is separated from other people’s space. 4.Could we adjust lease during the term of lease or after the expiration of the term? The landlord has the right to review the lease as a rule but the tenant may request an increase or reduction of the rental charge according to the relative law, since the government guideline is 5% a year for increase, which becomes senseless when the rate of price increase is over 5% per year. Therefore, rental charges are usually adjusted 5-10% of the amount a year unless lease charges are paid in advance for more than 2 years. 5. Is there any restrict for a foreigner to purchase real estate in Korea? The government has allowed for a foreigner to purchase properties regardless of their purpose, whether it is for business or investment purposes which means the realty market in Korea has been opened completely since the revision of Aliens' Land Acquisition Law in June 1988.