๐ Korean Jeonse โ Monthly Rent Converter
Convert jeonse deposits to monthly rent and back using the conversion rate. Useful for comparing upfront deposit costs when moving, evaluating jeonse vs monthly rent options, and partial deposit + monthly hybrid plans.
How to use
- 1Enter jeonse amount, or deposit + monthly rent.
- 2Adjust the conversion rate (Korean avg 3~6%).
- 3Converted form shows.
FAQ
What's the conversion rate?+
Annual % used to convert deposit to monthly rent. Deposit ร rate รท 12 = monthly rent. Korean average is 3~6%/year, varies by region and property.
Is there a legal cap?+
Under Korea's Housing Lease Protection Act, base rate + 2% (about 5.5% in 2024) is the cap. Landlords can't unilaterally raise it more.
Convert 100M KRW deposit + 500K monthly rent to jeonse?+
At 5% rate, 500K monthly = ~120M deposit equivalent. Total โ 220M jeonse.
Jeonse or monthly rent better?+
If you can afford the deposit and want stability, jeonse. If liquidity matters, monthly. Don't decide on conversion alone โ check your finances.
How about partial-deposit (banjeonse)?+
Banjeonse = deposit + rent. Use the tool to lower deposit while raising rent or vice versa.
Are maintenance fees included?+
Only rent conversion. Add management/utility fees separately to your budget.