#Jeonse Conversion
Related posts · 5 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 to Monthly Rent Calculator — The 4.75% Cap Comes From Two Clauses (2026)
Enter deposits and a rate for the fair monthly rent — plus where “the lower of base rate plus two and ten percent” actually comes from.
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 2.75% base rate in August 2026, that is 4.75%.
Semi-Jeonse — How to Split Between Deposit and Rent
Reading the Decree in the Korean original turned up three restrictions the usual table omits. Chief among them: where one building holds several small-deposit tenants, the priority amount is divided proportionally — a common shape in semi-jeonse.
Korea's Conversion Rate Cap and How to Negotiate It
We opened the conversion-rate ceiling in the statute: neither 10% nor 2% is in the Act. Both sit in the Decree, so both can move without the National Assembly — and they already have, twice.