세입자 계약 '2년 연장', 전월세 '5% 상한' 본회의 통과...임대시장 어떻게 달라지나<br /><br />Starting as early as tomorrow, tenants in South Korea will be guaranteed by law the right to extend their contract with their landlords by another two years.<br />Also, landlords will not be allowed to raise rent by more than five percent.<br />Yoon Jung-min has the details.<br />From now on, a tenant will have a one-time right to extend their lease by two years before their current contract ends.<br />Two related rules were revised to that effect on Thursday at the National Assembly.<br />The rule will also apply to contracts signed before the revision was passed.<br />If a tenant wishes to extend their lease, they have to notify their landlord at least one month before the contract ends.<br />Landlords can only refuse such a request if they, their parents or their children intend to move in when the lease is up.<br />The rule will not apply if the landlord has already signed a lease with a new, different tenant after having notified the old one.<br />When renewing a lease, a landlord cannot raise the rent by more than five percent.<br />Local governments will have the power to lower but not raise that ceiling if they deem it necessary.<br />That could happen in Seoul and other areas where real estate markets are overheated... and where rents tend to rise more sharply than other regions.<br />The ruling party plans to finalize and pass a third bill next week on home leases, which will set up a lease reporting system.<br />That would require landlords and tenants, starting next June, to report to their local government within 30 days of signing a contract.<br />Yoon Jung-min, Arirang News.<br />
