Management fees and service charges must be included when reporting private rental housing tenancy contracts — draft amendment out for public comment
Source material is a Korean government announcement (in Korean).
The Ministry of Land, Infrastructure and Transport has published a draft amendment to the Special Act on Private Rental Housing for public comment until August 24, which would require management fees and service charges to be reported together with tenancy contracts.
Key facts
| Public comment period | Until August 24 (draft amendment to the Enforcement Decree and Enforcement Rule of the Special Act on Private Rental Housing) |
|---|---|
| Main change | When reporting a tenancy contract, the amount of management fees and service charges, or how they are calculated, must also be reported |
| Audit | A request by a tenant or a tenant representative council for an audit of management fees and service charges cannot be refused without justified reason |
| Local government powers | Metropolitan cities and provinces can set the rate of rent increases for complexes of 100 or more units by ordinance, and can view information on rental guarantee enrolment through Renthome |
| Submitting comments | Check and submit through the legislative and administrative notice section of the Ministry of Land, Infrastructure and Transport website (www.molit.go.kr) |
Last checked:
On July 13, the Ministry of Land, Infrastructure and Transport announced that a draft partial amendment to the Enforcement Decree and Enforcement Rule of the Special Act on Private Rental Housing, which strengthens transparency about management fees and service charges for private rental housing, is open for public comment until August 24. In future, rental business operators will also have to report the amount of management fees and service charges, or how they are calculated, when they report a tenancy contract. The measure is intended to prevent rent increases disguised as charges for optional extras, and it also widens local government powers, for example allowing metropolitan cities and provinces to set the rate of rent increases for private rental housing complexes of 100 or more units by ordinance.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
What is changing?
When a rental business operator reports a tenancy contract, they will also have to report the amount of management fees and service charges, or how they are calculated, in addition to the items reported at present.
Until when can I submit comments?
The draft amendment is open for public comment until August 24, and comments can be submitted through the Ministry of Land, Infrastructure and Transport website.