Gyeonggi Office of Education Extends Rent Support for Public Property Tenants Until Year-End

[Asia Economy (Suwon) = Reporter Lee Young-gyu] The Gyeonggi Provincial Office of Education will extend support for rental fees for tenants of public property until the end of this year.

Public property refers to assets owned by the Office of Education, such as school buildings and closed school sites within the province, which tenants lease to operate convenience stores, experiential learning centers, swimming pools, and more.

The Office of Education has been providing rental fee support from January 1, 2020, to June 30, 2022, to revitalize the local economy, which has been stagnant due to the prolonged COVID-19 pandemic, and to alleviate the hardships faced by tenants of public property experiencing economic difficulties.

Considering the ongoing resurgence of COVID-19, the Office of Education has decided to extend the rental fee support period for public property until December 31 of this year.

The rental fee support targets tenants of public property owned by the Office of Education who have been recognized as suffering damages due to social distancing measures, such as temporary closure or shutdown of public facilities, and a decrease in foot traffic and users.

The rental fee support includes ▲ application of a 1% rental fee for public property ▲ 50-80% reduction in rental fees for closed schools ▲ full waiver of rental fees and full support for public utility charges during periods when the property could not be used ▲ extension of rental periods, among others.

Eligible tenants can submit an application form and a fact verification document in writing to their affiliated institution head within six months starting from the 31st of this month.

Gu Myeong-seo, Financial Planning Officer of the Office of Education, stated, "We have decided to extend support for tenants to overcome the crisis together during this difficult time caused by the prolonged COVID-19 pandemic," adding, "We hope this will ease the economic burden on local self-employed individuals and small business owners and contribute to the recovery of the regional economy."

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