- 중개수수료 계산기 : 네이버 통합검색
- '중개수수료 계산기'의 네이버 통합검색 결과입니다.
This was my first time signing a jeonse (Korean leasehold deposit) contract for a newlywed home, and because there are so many scams these days, I researched precautions and made sure to request them from the landlord in advance. Thankfully, the contract went smoothly.
Let's all prevent jeonse scams!!!!
I also added and revised detailed special clauses that I learned during the actual contract process, so it truly proves that knowledge is power :)
I highly recommend reading this thoroughly.
🏬
My house
Jeonse (Korean Leasehold Deposit) Contract / Precautions to Note
Things to Know in Advance >
1. Verify the Condition of the Multi-Family Housing
There's a website called 'Seumteo' (Building Information Inquiry System) where you can check if a building is unregistered or an illegal structure.
I also double-checked on-site during the contract process. Apparently, if it's illegal, there's a red stamp-like mark on the top right of the document.
You can access the building register and status map after entering your personal information, including your resident registration number.
For reference, there's also a call center!
- Seumteo ☎️ 02-3480-0200
2. Be Sure to Identify Any Necessary Repairs When Visiting the House
🎈 It's always best to double-check, even if something seems fine.
🎈 Check even closed windows and window screens.
🎈 Check behind beds and furniture for any signs of condensation or major scratches or blemishes.
🎈 Ask the current tenant to play a game of truth or dare (to check on the condition of the property).
🎈 When checking the water pressure, also examine the showerhead.
🎈 Check if all the doors lock and close properly.
It was important to discuss in advance who would be responsible for paying for repairs and whether or not we could claim reimbursement for repair-related receipts if we were to request reimbursement for any repairs after the contract signing, as it's something we needed to know before putting our signatures on the dotted line.
I was captivated by the view from the south-facing living room bay window, but my boyfriend diligently inspected the window frames and screens.
As a result, we found some window screens with rather large holes and dead insects.
We showed everything to the real estate agent and took photos as evidence, so we could bring it up with the landlord during the jeonse contract signing and come to an agreement.
We agreed that the landlord would cover the cost of repairing the damaged window screens and the old boiler's after-sales service (with receipts), and we would take care of the wall repainting and covering due to the indentations from the bed in the bedroom.
There seem to be certain norms regarding this, and it helped us reach an agreement by getting a neutral opinion from the real estate agent.
It would be annoying to deal with a real estate agent who's too biased towards the landlord.
Landlords usually don't cover the cost of repainting for this purpose.
3. Check the Jeonse Rate (Leasehold Deposit Rate) in the Area
Of course, the real estate agent would have researched this, but given the current climate, it was necessary to make sure I wasn't getting a deal that was too high. I needed to understand the actual market value.
I used a website to check the actual transaction prices, and I also looked at the transaction prices of nearby apartments and villas posted on papers in front of local real estate offices.
Things to Check Before Signing a Jeonse Contract >
1. Verify the Name and Identity of the Contractor
Verify the landlord's ID to ensure that the contract signatory on the land registry and the jeonse contract is the same person.
If there are co-owners listed in the land registry, you can request that they all be present at the jeonse contract signing.
There were co-owners in our case, and we checked both their IDs to confirm they were a married couple, which put our minds at ease.
During the contract signing, we double-checked the first part of the resident registration number and took extra photos. We also checked the front and back of the resident registration card for marks like you'd check for underage drinkers at a bar, just to be sure. lol
2. Verify the Landlord's Tax Delinquency Status
There was a recent news story about a jeonse scam involving a high-debtor, and the victims were ordinary people like those at my company.
It was probably because of this that I was so meticulous in checking and requesting documents. Since we took out a loan for the jeonse, we were extra careful to prevent any issues.
You can check this through Hometax after the contract signing, but you need the landlord's consent to do so before signing the contract.
We requested the documents in advance and verified them on the day of the contract. We made sure that the landlord had no outstanding national or local taxes.
3. Verify the Latest Copy of the Land Registry
🎈 Carefully check for any liens, attachments, or other property rights. Fortunately, there were none in our case, and we confirmed that the document was the most recent one, printed that morning.
🎈 You can check if you're a priority payment recipient from this document. We needed to confirm how much the priority deposit was and whether or not we were eligible for it. Fortunately, we were the priority payment recipients because we were moving into the owner's unit, and the lease for the unit above us was also about to expire.
🎈 60% or less: This part was a bit confusing, but I was told that the sum of the mortgage and jeonse deposit listed on the land registry must be 60% or less of the property's value for it to be considered safe. Ours was below that threshold, so we proceeded.
🎈 Usage verification: The property's usage must be residential to be eligible for a jeonse loan. It's necessary to double-check that it's not listed as a commercial or other type of property. This is particularly important for those who, like me, live in a detached single-family house (multi-family dwelling) on the first or second floor.
Things to Check in the Jeonse Contract >
1. Real Estate (Brokerage Office Information)
The real estate agency's name, information, and stamp must be included, of course.
2. Jeonse Deposit, Payment Timing, and Method
The deposit, down payment, and final payment amounts are included, and the landlord's seal was affixed to the 'paid upon contract signing and receipt' section.
3. Landlord/Tenant Information
The resident registration number, seal, and signature are included. We should have gotten our own seals made, but we just used signatures instead.
It also included a clause stating that even if the contract is deemed invalid, the brokerage fee must still be paid.
4. Lease Term (Duration)
The date the previous tenant vacates and the handover date are listed.
5. Termination Conditions and Penalties
It stated that if we (the tenant) arbitrarily modify the structure or use the property for purposes other than those outlined in the lease, the landlord can terminate the contract immediately. Understandable!
There was also a contract termination clause if either party failed to fulfill their obligations, requiring written notice.
Good Clauses to Include in the Jeonse Contract's Special Provisions >
It's said that it's best to be as specific as possible and to include details about the repair-related matters we've previously verified.
1. Jeonse Loan
We specifically included a clause requesting the landlord's cooperation in this matter. If you're getting a jeonse loan with a co-tenant, the landlord might not like it, so in that case, you'll want to include this clause for sure.
2. Basic Management Fees
We made sure to specify exactly what the management fees cover and included a clause stating that they are payable in advance on the 1st of each month.
3. Restoration to Original Condition
We included a clause that states that, with the exception of normal wear and tear, any damage caused by negligence must be repaired (we also included clauses about not installing a wall-mounted TV, no smoking indoors).
4. New Tenant
We included a clause requiring the landlord to actively cooperate in allowing potential tenants to view the property before the end of our lease. The current tenants weren't very helpful with scheduling viewings... haha
5. Sale Contract
This clause requires the landlord to inform us in advance if they decide to enter into a sale contract.
🎈Other
- We also received printed copies of the following documents.
(Land Registration Certificate, Land Register, Land Use Plan Confirmation, Building Register, Cadastral Map)
- We used the Naver brokerage fee calculator for reference!
After Signing the Jeonse Contract >
1. Register for Residence and Obtain a Confirmation Date
- To exercise the right of priority (to assert the lease terms to third parties)
- Offline: Visit the local community office -> Submit a residence registration application form -> Obtain a resident registration certificate -> Request a confirmation date
- Online: Gov't 24 App -> Register for residence within 14 days
2. Check for Changes in Rights After Signing the Contract
- Check the land registry
I hope everyone avoids jeonse scams!
Thank you for reading.
#JeonseContract
#JeonseContractPrecautions
#JeonseContractSpecialClauses
#JeonseContractConfirmationDate
#JeonseContract
#JeonseContractSeal
#WhenSigningJeonseContract
#JeonseScamPrevention
#JeonseScamPreventionMethods
#JeonseContract注意事项
#JeonsePrecautions
Comments0