WikiSysop at 13:22, 20 December 2012

2012-12-20T13:22:44Z

WikiSysop at 13:21, 20 December 2012

2012-12-20T13:21:45Z

New page

'''Woelse''' is a system where you put down a deposit (Bojeungeum / 보증금 /key money) and on top of that pay a monthly rent. Generally, the higher the deposit, the lower your rent. You get your deposit back when you leave.

If you see a realtor's ad like this:

: 월세
: 2방
: 200 / 40

This means a 2 room apartment for 20 million won deposit at 400,000 a month rent.

'''Cheonse''' is a system where you put down a huge deposit (typically over 100 million won, but one rooms can be had for 50-60 depending on the area) and don't pay any monthly rent. You get your deposit back when you leave.

If you see a realtor's ad like this:

: 천세
: 2방
: 1억

This means a 2 room apartment for 100 million won deposit.

There may be a govt registration process (mentioned above) that does offer a degree of protection for cheonsae -- up to 20 million won depending on location

← Older revision		Revision as of 13:22, 20 December 2012
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		+	These are two different and rather unique systems for paying rent in South Korea. I don't know why I dug up this info and put it into a text file. Its quite different from the way we pay rent here or buy houses in Singapore.
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	'''Woelse''' is a system where you put down a deposit (Bojeungeum / 보증금 /key money) and on top of that pay a monthly rent. Generally, the higher the deposit, the lower your rent. You get your deposit back when you leave.		'''Woelse''' is a system where you put down a deposit (Bojeungeum / 보증금 /key money) and on top of that pay a monthly rent. Generally, the higher the deposit, the lower your rent. You get your deposit back when you leave.

Woelse and Cheonse System in South Korea - Revision history

WikiSysop at 13:22, 20 December 2012

WikiSysop at 13:21, 20 December 2012