Bucheon City Operates Free Counseling Center to Prevent 'Kkangtong Jeonse' Tenant Protection Damage

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province announced on the 30th that it is operating a "Kkangtong Jeonse Damage Prevention Counseling Center" that provides free consultations on housing prices before official announcements to protect tenants of newly built houses (multi-family, row houses, and multi-unit houses).

Kkangtong Jeonse refers to a situation where the mortgage loan or Jeonse deposit exceeds the housing sale price, making it difficult to return the Jeonse deposit even after the lease period ends.

Accordingly, Gyeonggi Province, the Korea Association of Property Appraisers, and the Korea Association of Realtors signed a "New Multi-family Housing Tenant Protection Business Agreement" to lay the groundwork for reducing damages to tenants who cannot recover their deposits and are operating the Kkangtong Jeonse Damage Prevention Counseling Center.

The Kkangtong Jeonse Damage Prevention Counseling Center is operated through the talent donation of property appraisers, so no separate costs are incurred.

Anyone can access the Kkangtong Jeonse Damage Prevention Counseling Center website to check the types and prevention methods of Kkangtong Jeonse (Jeonse fraud) and enter housing information to consult with a property appraiser by phone about the appropriate housing price of the applicant's house.

The counseling center provides free consultations on housing prices related to newly built buildings, while prices for existing houses can be checked through the "Real Estate Official Price Informer."

Separately, in case of disputes between landlords and tenants due to the expiration of the existing Jeonse lease period, consultations can be received through the Lease Counseling Center, Gyeonggi Province Free Legal Counseling, and the Korea Legal Aid Corporation.

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