'Jeonse-Monthly Rent Safe Trust' Begins Recruiting Landlords... When Does Move-In Begin?

First informative news, the Jeonse-Monthly Rent Safe Trust.

The government has begun recruiting the first landlords for this Jeonse-Monthly Rent Safe Trust project.

Let's take a look at how this rental method works.

Under this system, the tenant entrusts the Jeonse deposit to the Korea Housing & Urban Guarantee Corporation instead of the landlord.

If a contract is signed under this Jeonse-style structure, the tenant can live in the property like a traditional Jeonse (lump-sum deposit) arrangement without paying monthly rent.

The corporation manages the entrusted funds and pays the landlord a return every month, similar to monthly rent.

The contracted yield for this recruitment is 4.35 percent per annum before taxes.

When the contract expires, tenants can directly receive their Jeonse deposit back from the corporation, thereby reducing the risk of Jeonse fraud.

The eligible properties are homes valued at 2 billion won or less, and landlords can apply through the Ansim Jeonse Portal or corporation branches.

Move-ins are scheduled to begin as early as next January.
※ Please note: This article was translated by AI and may contain errors.