#Jeonse
Related posts · 6 posts
Only One Renewal in Three Used Korea's Statutory Renewal Right — We Counted 7,719 Filings
The statute cannot tell you how often the right is used. The rental filing data can, because it carries the answer as a field.
Jeonse Loan Rates Differ by 1.99 Points Between Banks — With the Same Guarantee Behind Them
The lowest was 3.79% and the highest 5.78%. On a KRW 100 million loan that is KRW 1.99 million a year.
Jeonse vs Monthly Rent — the Numbers the Law Actually Fixes
The conversion cap is the lower of 10% a year and the base rate plus 2 points. At a 3.00% base rate in September 2026, that is 5.00%.
Korea's Jeonse Contract Checklist — the Order Comes From the Statute
Delivery and resident registration create opposing power; a fixed-date stamp adds priority repayment. And the statute says you cannot be repaid unless you hand the property over.
Tenant Rights in Korea — Opposing Power, Priority Repayment, Renewal
In Seoul, deposits up to ₩165m get small-deposit priority and ₩55m is repaid ahead of the mortgage — two different numbers. Renewal is due two months before expiry.
Rent Turns on 1.2 Billion, Jeonse on 300 Million — Two Different Provisions
The last multiplier in the deemed-rent formula — the term-deposit rate is 31 per 1,000, that is 3.1%. It was spelled out not in the Decree but in Article 23(1) of the Enforcement Rule.