@article{ART003123664},
author={Yun, Sungjin and SEUL LEE},
title={Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2024},
volume={122},
pages={99-117},
doi={10.15793/kspr.2024.122..006}
TY - JOUR
AU - Yun, Sungjin
AU - SEUL LEE
TI - Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea
JO - The Korea Spatial Planning Review
PY - 2024
VL - 122
IS - null
PB - 국토연구원
SP - 99
EP - 117
SN - 1229-8638
AB - Abstract This study aims to systematize the structure of housing lease deposit returns and assess the risks associated with delayed or non-returned deposits. Since the stability of deposit refunds depends on the available resources and procedures, we examined various factors including the landlord's assets, the next tenant’s deposit, property sales proceeds, and institutional elements like deposit return guarantees and preferential repayment protections. Our analysis reveals that approximately 241,000 to 492,000 households are at risk of delayed deposit returns, while about 20,000 to 42,000 households are at risk of non-returned deposits. Given the sizable nature of housing lease deposits in Korea, non-returned deposits pose a substantial threat to tenants’ livelihood and housing stability, and delayed returns can also severely disrupt tenants' housing plans. However, the current structure of housing lease deposit returns is highly uncertain due to the combined influence of landlord, market, and institutional factors, making it difficult for tenants to secure stable deposit returns in advance. Therefore, institutional improvements are necessary to protect tenants and ensure the healthy operation of the housing tenancy market.
KW - Housing Tenancy;Housing Lease Deposit Return;Tenant Protection;Jeonse
DO - 10.15793/kspr.2024.122..006
ER -
Yun, Sungjin and SEUL LEE. (2024). Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea. The Korea Spatial Planning Review, 122, 99-117.
Yun, Sungjin and SEUL LEE. 2024, "Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea", The Korea Spatial Planning Review, vol.122, pp.99-117. Available from: doi:10.15793/kspr.2024.122..006
Yun, Sungjin, SEUL LEE "Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea" The Korea Spatial Planning Review 122 pp.99-117 (2024) : 99.
Yun, Sungjin, SEUL LEE. Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea. 2024; 122 99-117. Available from: doi:10.15793/kspr.2024.122..006
Yun, Sungjin and SEUL LEE. "Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea" The Korea Spatial Planning Review 122(2024) : 99-117.doi: 10.15793/kspr.2024.122..006
Yun, Sungjin; SEUL LEE. Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea. The Korea Spatial Planning Review, 122, 99-117. doi: 10.15793/kspr.2024.122..006
Yun, Sungjin; SEUL LEE. Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea. The Korea Spatial Planning Review. 2024; 122 99-117. doi: 10.15793/kspr.2024.122..006
Yun, Sungjin, SEUL LEE. Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea. 2024; 122 99-117. Available from: doi:10.15793/kspr.2024.122..006
Yun, Sungjin and SEUL LEE. "Understanding the Structure behind Delays and Non-Refunds of Housing Lease Deposits in Korea" The Korea Spatial Planning Review 122(2024) : 99-117.doi: 10.15793/kspr.2024.122..006
