[Housing talk] Tenants' power to terminate jeonse leases, a blind spot for landlords
Social affairsJul 31, 2023
Under the current legal framework in Korea, if a lessee exercises their right to extend the current two-year jeonse housing lease contract under the Housing Lease Protection Act (hereinafter referred to as “the Act”), which grants them an additional two years of residency, and later wishes to terminate the lease solely because they have found a more affordable jeonse rental house, should the lessor be obliged to return the deposit to the lessee? The answer to this question, despite p