Newsletter

Breaking News Submission Committee Significant confusion in the rental 3 law market… Review of abolition, reduction, etc.

photo = Yonhap News

The Presidential Transition Committee announced on the 28th that it is reviewing the repeal or reduction of a law centered on the cheonsei rent report system, the monthly rent limit system, and the right to request a contract renewal, called the ‘Lease 3 Act’. He also explained why it is causing considerable confusion in the market.

Won Il-hee, senior deputy spokesperson for the transition committee, said at a regular briefing at the office of the transition committee in Tongui-dong on the afternoon of the same day, “there were various reviews of the improvement of the lease law in the work report of the Ministry of Land, Infrastructure and Transport in the 2nd division of the economy.” .

Deputy Spokesperson Won said, “The awareness of the problem that the 3rd lease law is causing confusion in the market and the direction that the system needs to be improved is correct, and we plan to implement it in stages in consideration of market conditions and legislative conditions,” the 2nd Economic Division explained.

By Han Kyung-woo, reporter at Hankyung.com case@hankyung.com

ⓒ Hankyung.com, unauthorized reprinting and redistribution prohibited