Hogangnono is launching a recent reverse lease analysis service to prevent jeonse fraud. (Provided by Zigbang)
[Asia Economy Reporter Kim Min-young] Zigbang announced on the 12th that its subsidiary Hogangnono will newly add the ‘Recent Reverse Jeonse Analysis’ service to prevent Jeonse fraud.
The ‘Recent Reverse Jeonse Analysis’ is a service that provides apartments where reverse Jeonse has occurred on a map and list, allowing users to check in advance for listings that may not return the deposit.
Reverse Jeonse refers to cases where the deposit is lower when renewing a Jeonse contract or signing a new tenant contract compared to the previous contract. From the landlord’s perspective, even if they find a new tenant, there may be insufficient deposit to return to the previous tenant, and the previous tenant may not receive their deposit on time.
Accordingly, Hogangnono counts and informs reverse Jeonse cases when the Jeonse prices traded in the recent 3 or 6 months are lower than the average Jeonse prices traded during the same period two years ago, which was the time of the previous contract. However, if there is one or fewer Jeonse transactions during the same period two years ago, it is excluded from the count.
A Hogangnono official said, "To prevent consumer damage such as Jeonse fraud, it is most important to easily obtain accurate and transparent real estate information in real time," adding, "We plan to advance our proptech-based services so that Hogangnono users can guarantee their right to know and complete safe transactions free from Jeonse fraud risks."
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