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Korea has a unique style for leasing a house.
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Perhaps, the usual lease system for a house in the world is a monthly or yearly rent system.
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However, in Korea, the most common system is “deposit system”.
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A tenant deposits some percentage of the total price of the house to the owner for some period.
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The regular period is 2 years but it can be controlled after discussion.
> VERY GOOD
- or........ The regular period is 2 years but this can be discussed to benefit both the lessor and the lessee
For example, if the total price of the house is 10$, ( then - can remve this ) the tenant deposit 2~6% to the owner and then, he can live in the house for 2 years.
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The percentage is very varried depending on the environmental factors and economic situation).
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In that case, the owner can manage the large amount of the deposit for 2 year and the tenant doesn’t need to pay monthly.
> VERY GOOD - -------- the owner can demand/request
It has each advantages and disadvantages.
> VERY GOOD ------- It has both advantages and disadvantages. |
