Suji
That's ridiculous, a 15% hike with no improvements? I'd push back. Officetels near Gangnam are competitive, but if nothing's been fixed, you have grounds to negotiate. Check if your contract renewal is protected under the Housing Lease Protection Act—there's a 5% cap on rent increases unless you agree otherwise. Stand your ground.
Hyun-woo
15% seems steep, but check your contract—many have a 5% cap for renewals. Have you tried negotiating? Landlords here often expect it. If they refuse, consider moving; Gangnam has plenty of officetels nearby. Don't just accept it—stand your ground.
Huss_Egy
That's rough—15% is steep, especially with no improvements. I had a similar issue near Hongdae last year. I ended up moving to a newer officetel in the same area for almost the same rent. Have you checked nearby? Sometimes landlords count on foreigners not knowing the market. Might be worth looking around—you could find a better deal.
choi
Yeah, that's rough. 15% is steep, especially with no repairs. I'm in a villa near Sillim and my landlord tried 10% last renewal. I pushed back and negotiated down to 5% by pointing out the broken AC unit he never fixed. You might have some leverage if you mention the lack of maintenance. Also, check your contract—sometimes renewal increases are capped at 5% in certain areas, though officetels can be trickier. Hope you can talk him down!
Tou
That's rough, especially with no repairs done. I'm also a foreigner in Seoul and had a similar shock with my renewal last month - 12% increase out of nowhere. It feels unfair when they don't justify it. Maybe check if your building has rent control or negotiate? Hang in there, you're not alone in this frustrating situation.
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