Types of Residences in Korea
Sang Kyu Noh · 2022-02-05 20:47:40
I'd like to provide you some knowledge about Types of Residences in Korea.
I. Types of Houses
II. Types of Housing Lease Agreements
1. Jeonsei (Key money deposit lease)
Jeonsei is an unique type of lease in Korea. The tenant pays the homeowners a lump-sum security deposit and lives at home for fixed period of time. The whole deposit is returned to the tenant after the lease has ended. Some foreigners get confused between "Rent" and "jeonsei".
2. Semi-jeonsei (combination of jeonse and monthly lease)
Semi-jeonsei refers to a type of lease by which a tenant pays a certain amount of deposit in addition to monthly rent payments. In another type of arrangement, the homeowner receives a monthly rent by converting the increased jeonse price to a monthly rent.
3. Monthly Lease
The tenant pays a certain amount of deposit and a monthly fee for the use of the property. The amount of deposit for the monthly rent is much smaller than that of jeonse. The security deposits and monthly rents are negotiable with the homeowner before the agreement is made.
*** The tenant must pay utility bills for electricity, water supply, gas, and telecommunications services, including phones, internet connection and so on under any contract.
*** Also, Please be aware of checking a Mortgage loan fon the place, reporting move-in and etc.)
If you are looking for a house, office, retail property in Korea, please Do Not Hesitate to contact us. We have a lot of careers and solutions for foreigner.
Smile Seoul Real Estate (SSR)
Smile Realty (미소공인중개사사무소)
Certified Real Estate Agency for foreigner appointed by Seoul
Rep. : Sang Kyu, Brian, Noh , CPM, CIPS, Licenced Realtor of NAR, KAR
Email : realtor2013@naver.com
kakaotalk : smartrealtors
Whats App : +82-10-3937-5154
Manager In Charge of Foreigner : Sean Kim
Email : seankim7770@gmail.com
kakaotalk : soooooa
Whats App : +82-10-9261-0713
I. Types of Houses
II. Types of Housing Lease Agreements
1. Jeonsei (Key money deposit lease)
Jeonsei is an unique type of lease in Korea. The tenant pays the homeowners a lump-sum security deposit and lives at home for fixed period of time. The whole deposit is returned to the tenant after the lease has ended. Some foreigners get confused between "Rent" and "jeonsei".
2. Semi-jeonsei (combination of jeonse and monthly lease)
Semi-jeonsei refers to a type of lease by which a tenant pays a certain amount of deposit in addition to monthly rent payments. In another type of arrangement, the homeowner receives a monthly rent by converting the increased jeonse price to a monthly rent.
3. Monthly Lease
The tenant pays a certain amount of deposit and a monthly fee for the use of the property. The amount of deposit for the monthly rent is much smaller than that of jeonse. The security deposits and monthly rents are negotiable with the homeowner before the agreement is made.
*** The tenant must pay utility bills for electricity, water supply, gas, and telecommunications services, including phones, internet connection and so on under any contract.
*** Also, Please be aware of checking a Mortgage loan fon the place, reporting move-in and etc.)
If you are looking for a house, office, retail property in Korea, please Do Not Hesitate to contact us. We have a lot of careers and solutions for foreigner.
Smile Seoul Real Estate (SSR)
Smile Realty (미소공인중개사사무소)
Certified Real Estate Agency for foreigner appointed by Seoul
Rep. : Sang Kyu, Brian, Noh , CPM, CIPS, Licenced Realtor of NAR, KAR
Email : realtor2013@naver.com
kakaotalk : smartrealtors
Whats App : +82-10-3937-5154
Manager In Charge of Foreigner : Sean Kim
Email : seankim7770@gmail.com
kakaotalk : soooooa
Whats App : +82-10-9261-0713
