Apply for National Merit Veterans Jeonse Rental Housing... LH Supports Up to 120 Million KRW

Korea Land and Housing Corporation (LH) announced on the 5th that it will hold a tenant recruitment announcement for 227 jeonse rental houses for national veterans.

The housing is directly found by the eligible tenant, after which LH signs a jeonse lease contract with the housing owner and then subleases it to the tenant.

A total of 227 units will be supplied through this recruitment announcement, targeting the metropolitan area (Seoul, Incheon, Gyeonggi), metropolitan cities, and cities nationwide with a population of over 80,000.

Eligibility requirements are that, as of this date, the monthly average income of the household is 70% or less of the previous year's average monthly income of urban workers' households, and the applicant must be a member of a non-homeowning household meeting the asset criteria for permanent rental housing.

Furthermore, only those veterans recognized by the Minister of Patriots and Veterans Affairs as needing jeonse rental housing according to relevant laws can apply.

The maximum support amount for the jeonse deposit is 120 million KRW in the metropolitan area, 80 million KRW in metropolitan cities, and 60 million KRW in other regions.

If the jeonse house exceeds the support limit, the tenant can cover the excess jeonse amount, provided that the total jeonse amount does not exceed 250% of the support limit.

The tenant is responsible for paying 5% of the jeonse deposit within the support limit as a rental deposit, and the monthly rent is calculated by applying an annual interest rate of 1-2% to the jeonse amount excluding the rental deposit.

The initial lease period is 2 years, and after the lease period expires, it can be renewed up to 9 times in 2-year increments. However, eligibility requirements must be met upon renewal.

For more details, please refer to the announcement posted on the LH subscription center or contact the LH Jeonse Rental Integrated Call Center.

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