The More You Know ★
The More You Know ★
Out of context: Reply #737
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Jeonse (Korean: 전세; Hanja: 傳貰), also known as Chonsei, Key Money Deposit[1] or Key Money,[2] is type of a lease or deposit common in the South Korean real estate market. Instead of paying monthly rent, a renter will make a lump-sum deposit on a rental space, at anywhere from 50% to 80% of the market value. The owners make profit from reinvesting the jeonse deposit, instead of receiving the monthly rent. It is also possible to combine a lower jeonse with a lower monthly rent.