Comparative Analysis between Chonsei Korea and Anticretico in Bolivia

KIM, JIN-YOO

doi:10.15793/kspr.2015.85..003

Chonsei has been treated as unique tenure type of Korea. However, a few literatures argue that some countries, India and Bolivia, have similar contract type in their housing market. This study reviewed the previous studies on origin and history of Chonsei and Antichresis, worldwide version of Chonsei. The results show that Chonsei is not unique contract type of Korean housing rental market. India also has Indian version of Chonsei, girvi in Surat and bogey in Bangalore. In Bolivia, Anticretico is popular across the country. The Anticretico has some different characteristics from Korean Chonsei while it is same contract type in terms of lump sum deposit without monthly rent. The deposit to price ratio is about 25% to 40% in Anticretico wheres Chonsei deposit is about 60% to 80% of sales price. Anticretico contract should be registered in Real Estate Office. Anticretico is minor rental contract type, 3.5% share in 2012, compare to monthly rent, 15.9%. The tenants of Anticretico should pay tax include VAT and registration tax while Chonsei tenants are tax free related to the contract. The results imply that Chonsei has longer history and more popular than was believed in Korea. Therefore, usefulness of Chonsei should be reconsidered for low-income tenants’ residential stability especially in developing countries.

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* 2021년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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