Mar 10
Cheonse / Jeonse: A South Korean way of renting
Cheonse / Jeonse is a means of leasing out apartments unique to South Korea. A tenant makes a lump-sum deposit on the rental space, valued at anywhere from 50-100% of the actual market value of the space.
The tenant then pays no rent for the duration of the contract, usually two or three years. At the end of the contract, the landlord returns the entire deposit to the tenant.
Cheonse is most often used during times of high interest rates. The landlord is free to use the deposit, as long as the same amount is returned to the tenant.






Hailed as one of the most damaging recession periods in recent history, and even worst than the “
Mortgages are being refinanced like hotcakes but the problem with the market is that the stability that everybody has been seeking is yet to come. And without an end in sight for the recession, many of these refinanced