2 important knowledge that foreigners need to know when renting a house in Korea

A Korean author will guide you through the two core knowledge you need to know when looking for a home in Korea.

First, there is a unique rental culture in Korea, which has a system called JEONSE(Korean 전세). JEONSE is a system that gives the lessor about 40 to 90% of the house price at the beginning of the lease and returns it when the lease expires, which is a very advantageous system for the tenant. However, jeonse is possible only when the contract period is at least 1 year, and it is common to use 2 years as a rental period.

Second, in Korea, laws for the stability of tenants' housing are strengthened. The benefits that foreigners can receive are the same as those of Koreans. If the lessor is a housing rental company(Korean 주택임대사업자), the rent can be raised within the limit of 5% at the time of the renewal contract, and if the lessee wishes, the tenant's request for a renewal contract cannot be rejected for only one renewal contract. In addition, in case of JEONSE you can safely protect your rental deposit by making it mandatory to purchase guarantee insurance. If these provisions are violated, the landlord will be subject to criminal penalties or heavy fines and will not even be able to violate them.

 

If you know these two things, it will be very helpful when you are looking for a house in Korea.

 

If you knew two key pieces of knowledge, what kind of house should you get?
1. JEONSE(Korean 전세) by a housing rental company(Korean 주택임대사업자)
2. Monthly rental by a housing rental company(Korean 주택임대사업자)

It doesn't matter which real estate or real estate app you use, it's important to find and contract housing rental company(Korean 주택임대사업자) if possible.

So how can you find housing rental company(Korean 주택임대사업자)?
There is no royal road here. If you see a rental property that interests you, you have to ask a real estate agent. Or, it has to be distinguished by the phrase "주택임대사업자" in the phrase posted on the rental advertisement.

Fortunately, the government has provided a considerable amount of benefits to housing rental company(Korean 주택임대사업자), so a lot of houses are currently rented by housing rental company(Korean 주택임대사업자), so you can easily find them, so you don't have to worry about how to find it.

So far, I have looked at two important factors you need to know when looking for a house to rent in Korea. I wish you a good house and a good housing rental company(Korean 주택임대사업자).

 

If you have any further inquiries or questions, please leave a comment. I will answer you as soon as possible.

 

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