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For a consistent process, make a one-page worksheet: current rent and deposit, comparable properties, tenant payment record, maintenance caused by ordinary wear versus tenant damage, likely vacancy time, refurbishment estimate, and the minimum increase worth pursuing. Keep the legal timing and...

How old are the comparable listings, and do they use the same deposit arrangement? In Seoul, two rents that look similar can represent different overall deals once the deposit is considered. I’d also want to know when the current agreement began and whether any previous increase affects what can...