"Protect Your Valuable Assets" ... Changwon Special City Launches Support for Jeonse Deposit Return Guarantee Fees

Changwon City in Gyeongnam will implement the "2024 Jeonse Deposit Return Guarantee Fee Support Project" starting February 1 to prevent damage caused by the non-return of deposits to jeonse tenants.

Changwon Special City Hall.

This project supports the guarantee fee when tenants subscribe to the jeonse deposit return guarantee provided by the Housing and Urban Guarantee Corporation (HUG), Korea Housing Finance Corporation (HF), or SGI Seoul Guarantee.

Eligible applicants are tenants of detached houses, multi-family houses, and residential officetels who meet all of the following criteria: a deposit of 200 million KRW or less, household income at or below 200% of the median income, and residents of Changwon City. Applications can be submitted to the Building Permit Division of the district office where the residence is located.

An Jae-moon, Director of the Urban Policy Bureau, stated, "We will do our best to protect tenants' valuable jeonse deposits through guarantee fee support and to ensure housing stability for our citizens."

For more details regarding the application, please refer to the announcement board on the Changwon City website or contact the Housing Policy Division.

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