Case Overview (Feb. 10, 2025)
Case Overview Our law firm recently handled a commercial lease dispute involving Client Mrs. M, a landlord facing challenges with a non-compliant tenant. This case illustrates key legal considerations in handling overdue rent, lease modifications, and tenant eviction procedures. Background of the Case Client Mrs. M, a commercial property owner, had leased her property to QXXXX Co., Ltd. under a rental agreement. Over time, the tenant failed to meet its financial obligations, leading to a complex legal dispute. Lease Agreement Terms Initial Agreement Date: June 14, 2018 Deposit: 50 million KRW Original Monthly Rent: 4.5 million KRW Reduced Rent (Post-COVID): 3.5 million KRW (Effective October 3, 2019) Total Due Rent: 23.1 million KRW (6 months of arrears) The tenant had continuously delayed payments, and despite multiple phone calls requesting overdue payments, no formal legal action had been taken. Tenant's Additional Requests and Legal Issues Tenant's Requests Reduction of the...