Real Estate Legal Services in Korea
Comprehensive Legal Support for Real Estate Transactions in Korea
At Pureum Law Office, we provide expert legal services in real estate transactions for both domestic and international clients. Our team has extensive experience in handling property acquisitions, leases, and compliance matters, ensuring that our clients navigate Korea’s real estate market with confidence.
Our Real Estate Legal Services
Title Search and Property Ownership Verification
Before engaging in any real estate transaction, verifying ownership and legal status is crucial. We conduct thorough title searches using official documents such as real estate registration certificates, land registers, and building registers. This ensures clarity on ownership rights, property use, potential zoning restrictions, and compliance with construction laws.
Legal Advisory on Property Transactions
We provide tailored legal counsel for a variety of real estate transactions, including property purchases, sales, and leases. Given that each transaction serves a unique purpose, our role is to ensure that agreements align with our clients’ business or personal objectives while mitigating legal risks.
Contract Review and Drafting
Our firm specializes in drafting and reviewing property-related contracts, including sales agreements, lease contracts, and development agreements. We maintain a set of verified contract templates to ensure efficiency and reliability while adapting to the specific needs of each client.
Regulatory Compliance and Transaction Approvals
For properties located in restricted development zones, regulatory approval from local authorities is required before transactions can proceed. Additionally, foreign buyers who are not registered in Korea must obtain a real estate registration number and submit a property acquisition report to the relevant district office before finalizing a purchase. Failure to comply with these requirements may result in fines or complications when transferring funds abroad. We provide end-to-end assistance in securing the necessary approvals and permits.
Real Estate Tax Advisory
Property transactions in Korea are subject to multiple taxes, including acquisition tax, capital gains tax, and property tax. High-value properties may also incur comprehensive real estate tax obligations. While we handle acquisition and property tax matters directly, we collaborate with tax professionals to offer strategic capital gains tax planning to minimize tax liabilities.
Real Estate Registration and Notary Coordination
Our firm directly manages property ownership transfers arising from sales, inheritance, and gifts. For mortgage registrations, which often involve bank-financed purchases, we coordinate with legal professionals affiliated with the lending banks to ensure a seamless process.
Why Choose Pureum Law Office?
- Extensive Experience: We have successfully advised on numerous real estate transactions, representing buyers, sellers, landlords, and tenants.
- Regulatory Expertise: Our deep understanding of Korean real estate laws and compliance requirements ensures a smooth transaction process.
- Efficient and Reliable Service: With pre-verified contract templates and a structured workflow, we offer effective legal solutions tailored to each client’s needs.
