Automatic (implied) renewal
Korean: 묵시적 갱신 · muksijeok gaengsin
If neither side gives notice in time, the lease renews automatically for 2 years on the same terms.
If the landlord gives no notice of non-renewal or changed terms between 6 and 2 months before the lease ends, and the tenant gives none by 2 months before the end, the lease is treated as renewed on the same terms (Housing Lease Protection Act, Art. 6(1)). The renewed term is 2 years (Art. 6(2)).
In an automatically renewed lease the tenant can give notice to end it at any time; it ends 3 months after the landlord receives the notice (Art. 6-2). This does not apply to a tenant whose rent arrears reached two months’ rent or who seriously breached the lease (Art. 6(3)).
Legal basis
Explanations follow the current Korean statutes on the National Law Information Center (law.go.kr). Laws change, so check the original text before relying on it. This is general information, not legal advice. All terms
Korean version: 한국어 용어사전