🏠 Jeonse ↔ Monthly Rent Converter
Convert a Korean jeonse (lump-sum deposit lease) into monthly rent, or monthly rent into its jeonse equivalent, using the conversion rate.
KRW
₩300MKRW
₩100M%
Legal cap 5% (BOK base rate 3% + 2%p)Fair monthly rent
₩833,333
Deposit converted to rent₩200M
Rent per year₩10M
When switching from jeonse to monthly rent during a lease, the rate cannot exceed the legal cap (base rate + 2%p). New contracts use the market rate.
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What is the jeonse–monthly rent conversion rate?
It is the annual rate used to turn part of a jeonse deposit into monthly rent. For example, converting a ₩300M jeonse into a ₩100M deposit plus rent gives ₩200M × 5% ÷ 12 ≈ ₩833,000 a month.