This real estate law blog covers everything about real estate law that you don't learn in law school. See you at closing.
Wednesday, September 15, 2010
Update on the recent Jeonse story
So you may remember that I recently wrote about the great disparity between the South Korean and American rental real estate models. Basically, South Korea's Jeonse system requires a significant down payment of 50-100% of the purchase price to be held by the landlord until the term's completion, upon which it is returned to the renter. Anyway, the story got picked up on Yahoo News' legal section of Associated Content, where it saw a whole lot of hits for a very unlikely topic. I know because I got e-mails from multiple people asking if I do international real estate (not as yet lol). It also ran on the website Litigation Watch. Here is a link to the real estate article.
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