Simple definition

In Jeonse, the deposit acts like the landlord’s temporary financing. Because the deposit can be large, tenants take steps (fixed-date stamp, move-in report, optional jeonse-right registration) and may consider deposit insurance.

How it works (quick)

1. Find a property and verify the owner/liens on the property register.
2. Sign a lease stating the deposit and term (often 2 years).
3. Transfer the deposit; obtain a fixed-date stamp and file a move-in report.
4. At lease end, the landlord returns your full deposit (less any agreed deductions).

Examples

Example scenarios vary widely by area and unit. What matters is whether the owner’s equity after all loans comfortably exceeds your deposit. If not, your recovery is riskier.

Pros & Cons

• Pros: minimal monthly outflow; predictable two-year term; potential to avoid rent inflation.
• Cons: large cash tied up; risk if the owner can’t return the deposit; process/documentation burden for protections.

Jeonse vs Wolse

Wolse is monthly rent with a smaller deposit. Jeonse suits longer stays with cash; Wolse suits shorter stays or limited cash up front.

Learn more

• Full Jeonse Guide (how it works, risks, checklist)
• Jeonse Deposit Insurance (HUG) — Coverage & How to Apply

FAQ

Is Jeonse cheaper than Wolse?

Jeonse can be cheaper month-to-month because there’s little or no rent, but you need a large deposit and you carry deposit-return risk.

What happens if the landlord doesn’t return the deposit?

Your protections depend on priority and any insurance/guarantee. Formal steps (fixed-date stamp, move-in report) are important to establish rights.

Do foreigners qualify for Jeonse?

Many do, but documentation and eligibility for guarantees vary by status, property, and program. Check requirements before committing.