What does it mean to rent a house in Korea?

South Korea's full rent means that the tenant pays 30% to 50% of the house price (the price can also be negotiated with the landlord) as a deposit at the beginning of renting. During the period of renting a house (generally more than one year), the tenant has to pay water, electricity, gas and property fees, and does not need to pay other fees and rent. When the signed contract expires, the landlord will refund the deposit in full.

Extended data:

Reasons for the prosperity of all-rental housing in Korea;

1. Korean society is very mobile.

Korean society is very mobile, and there are two concentrated moving seasons every year. Due to school or job transfer, the demand for short-term rental is still great.

2. Countermeasures against the background of high housing prices and high taxes.

South Korea's housing prices are so expensive that many people can't afford to buy a house in a short time, and the sale and ownership of a house have to pay high taxes. In addition, for the landlord, the monthly rental income needs to be taxed, while the full rental income does not need to be taxed.

3. Under special financial conditions.

Once upon a time, bank interest rates in Korea were very high. In the case of high bank interest rate, the landlord can get a large sum of money at one time, get rich interest income, and save the trouble of collecting rent every month. For a person in urgent need, this long-term financing fund can be used to buy stocks, funds, set up companies and so on.

4. A perfect legal system is the guarantee. ?

South Korea's full rent system has perfect legal protection. During the validity of the contract, the lessee's right to use the house and the ownership of the deposit are protected by law!