United Future Party: "Obvious 'Jeonse and Wolse Crisis' from the Three Lease Laws... Ultimately Tenants Suffer"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] As the government and ruling party push for the passage of the 'Lease 3 Acts,' the United Future Party stated that "it could ultimately worsen the damage to tenants."

On the 28th, Bae Jun-young, spokesperson for the United Future Party, said in a statement, "If the Lease 3 Acts are implemented, the jeonse crisis will worsen, and the jeonse prices, which have been rising for 57 consecutive weeks, will continue to break records."

He added, "While current tenants may want to continue living in their existing jeonse homes, newlyweds trying to find a jeonse home or actual demanders who need to find a jeonse home again after four years will face a supply shortage, leading to a long-term jeonse crisis," and said, "The Lease 3 Acts could ultimately worsen the damage to tenants."

Spokesperson Bae pointed out, "In the case of newly occupied complexes, the strengthening of actual residence requirements will reduce the volume of jeonse and monthly rent units, and with the four-year contract period and rent ceiling reflected, the initial jeonse price will inevitably be set high," adding, "The idea that local governments can arbitrarily decide the rate of increase is also a comedy."

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