Jongno-gu Provides Building Repair and Disinfection Support to 'Good Landlords'

Purpose of Supporting Private Landlords Voluntarily Reducing Rent for Self-Employed and Small Business Owners Struggling Due to COVID-19

[Asia Economy Reporter Jongil Park] Jongno-gu (Mayor Kim Young-jong) is promoting the 'Seoul-type Good Landlord Support Project,' which supports private landlords who voluntarily reduce rent to help self-employed individuals and small business owners facing difficulties due to COVID-19.

This project was implemented to alleviate the difficulties of tenants struggling due to reduced consumption and a sluggish domestic economy caused by COVID-19, and to encourage coexistence between landlords and tenants.

The support targets landlords who reduce rent for stores with a converted deposit of 900 million KRW or less in commercial buildings as stipulated by the Commercial Building Lease Protection Act.

Applications must be submitted by the 24th after landlords and tenants sign a coexistence agreement, along with documents (coexistence agreement and application form, tenant’s business registration certificate, etc.) to the Job and Economy Division.

Forms must be downloaded and used from the Jongno-gu Office website, and the district plans to select support recipients through a review by the Local Subsidy Deliberation Committee.

Recipients will receive subsidies for ‘building repair costs’ related to durability improvements such as waterproofing, insulation, windows, and restroom improvements, or will be provided with ‘electrical safety inspections.’

The costs are within 30% of the total rent reduction amount, with a ceiling of 5 million KRW. Additionally, the commercial buildings will be regularly disinfected in proportion to the coexistence agreement period and reduction amount, and the buildings with rent reduction agreements will be promoted on mobile real estate applications.

For more details, please refer to the district office website or contact the Job and Economy Division.

Mayor Kim Young-jong stated, “We hope for much interest and participation in this project, which supports landlords who voluntarily make warm decisions by providing subsidies for building repair costs, etc. During these difficult times, we hope such projects become an opportunity for landlords and tenants to coexist and help overcome COVID-19. We will continue to carefully monitor the difficulties of small business owners and self-employed individuals and seek various measures to revitalize the local economy.”

Jongno-gu has continuously carried out initiatives such as providing low-interest loans to overcome the local economic downturn caused by the prolonged COVID-19 situation, issuing Jongno Love Gift Certificates to help increase sales, and promoting the good rent movement.

It has also regularly disinfected traditional markets, distributed related supplies such as masks, hand sanitizers, and prevention guideline posters, and held sales promotion events for commercial district recovery and social markets to support social economy sales channels.

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