Gyeonggi-do Exempts Fines for Voluntary Reporting of Unregistered Lease Contracts

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is operating a voluntary reporting period for 'unreported lease contracts' until June 30.

The reporting targets are individual rental business operators registered on 'RentHome' who have not reported any lease contracts since registering their rental housing up to the present time.

To report, prepare documents such as the voluntary report form and submit them through the RentHome website or by visiting the housing department of the city or county where the registered rental property is located.

However, until the end of next month, submissions are only accepted through RentHome to prevent the spread of COVID-19.

Fines up to 10 million KRW for unreported lease contracts and failure to use the standard lease contract form submitted during the voluntary reporting period will be waived.

After the voluntary reporting period ends, the province plans to conduct a full investigation of registered properties held by rental business operators and take strict action if violations are found.

For detailed inquiries, contact the RentHome call center (1670-8004) or the housing department of the city or county where the registered rental property is located.

Kim Joon-tae, Director of the Urban Housing Office of the province, emphasized, "We will actively promote this voluntary reporting system for registered rental housing lease contracts to enhance post-management of rental business operators and strengthen tenant protection, while continuously striving to stabilize the private rental market through guidance on tenants' legal rights and benefits."

This content was produced with the assistance of AI translation services.