Seoul Metropolis implements ‘Clear Landlord’ system… Discloses rights to rental housing and even landlord credit score data

by times news cr

2024-06-24 00:39:10

To alleviate tenants’ housing anxiousness, Seoul Metropolis is implementing the ‘Clear Landlord’ system, which discloses rental housing rights and landlord credit score data.

Town introduced that it will likely be recruiting clear landlords to be licensed as clear homes from the twenty fourth to November twenty second.

This may be utilized for in individual or by mail on the Seoul Metropolis Common Help Middle, and as soon as the rights relationship and credit score data of the obtained rental home are confirmed, you possibly can register as a ‘clear landlord’.

Eligibility to use for a clear landlord is a landlord who has clear rights to townhouses or multi-unit rental homes in Seoul amongst landlords with three or fewer rental homes, and whose KCB credit score rating is 891 factors or greater (stage 2 or greater).

After confirming the applicant’s {qualifications} as a clear landlord, the town plans to difficulty a registration certificates by issuing a clear landlord certification quantity.

The lessor’s credit score data have to be disclosed to the lessee at the very least twice: when viewing properties and when signing a contract.

Town plans to conduct a pilot mission by November of this 12 months after which analyze the results and readjust or contemplate growth.

Rented homes owned by clear landlords are displayed with a ‘clear home’ mark on the personal actual property platform (KB Kookmin Financial institution, Zigbang) that has signed an MOU (enterprise settlement) with the Seoul Metropolitan Authorities and are posted as itemizing data.

Particularly, to stop incidents of non-return of hire deposits for clear homes, an institutional security internet was established to guard hire deposits by way of assist of tenants’ hire deposit assure charges and joint tenant contracts with SH (Seoul Housing and Communities Company).

Clear Housing When concluding a clear housing lease contract, the tenant should join a rental deposit, and the town helps the safety deposit by way of linkage with the ‘Return Deposit Return Assure Help Price Help’ mission.

If it isn’t potential to assist the rental deposit assure, use ‘Lengthy-term secure housing (deposit assist sort)’ and enter right into a three-party contract between the owner, SH Company and the tenant, and SH Company helps the lessee’s deposit deposit to organize for incidents of non-return of the deposit. do.

Town restricted this pilot mission to villas and multi-family properties, however plans to broaden it by way of impact evaluation and efficiency analysis after the pilot mission ends.

Han Byeong-yong, head of the housing coverage workplace of the Seoul Metropolitan Authorities, mentioned, “Because the injury from lease fraud continues, villa transactions, which had been used as a housing ladder for the widespread folks, have plummeted, persevering with a vicious cycle through which even good landlords are harmed.” He added, “The clear landlord system has revitalized the shrunken villa lease market.” “I hope {that a} rental contract tradition shall be established the place everybody can transact with peace of thoughts,” he mentioned.

Reporter Kim Jeong-hyun photograph offered by Seoul Metropolitan Authorities

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2024-06-24 00:39:10

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