Changwon City Implements Nation's First 'Jeonse Deposit Return Guarantee Fee Support'

Expectations for Protection of Jeonse Tenants and Activation of Guarantee Subscription

Changwon City Hall Panorama

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Changwon City announced on the 3rd that it will be the first in the nation to implement the 'Jeonse Deposit Return Guarantee Fee Support System' to protect tenants in vulnerable housing situations.

To this end, the city enacted the 'Changwon City Jeonse Deposit Return Guarantee Fee Support Ordinance' and secured a budget of 50 million KRW, accepting applications starting from the 3rd.

The support target for the guarantee fee is tenants of apartment complexes and multi-family houses with a Jeonse deposit of 100 million KRW or less. After subscribing to the guarantee, applicants who are registered residents of Changwon City as of the application date can apply for the guarantee fee support at the district office's Building Permit Division. Park Sung-ok, Director of the Housing Policy Division, stated, "We will strive to make this policy, which is the first of its kind nationwide, a model case across the country," and added, "As one of the top 100 priority policies in 2020, it is expected to contribute to improving citizens' perception of municipal administration."

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