March 10, 2010
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 [...]
Filed by Peter at March 10th, 2010 under Real Estate Terms | No comments