As soon as the 21st National Assembly opens, amendments to the law regarding major real estate policies being pursued by the government are pouring.

Amendments to the law to promote the so-called'Lease 3 Act', including the Jeonse/Wolse tax return system, the Jeonse lease limit, and the contract revoked system, have not been successful in the last National Assembly, but the government has made clear that it will continue to pursue it, and the National Assembly has responded to the legislation I am in a hurry to work.

According to the National Assembly and the Ministry of Land, Infrastructure and Transport, recently, Democratic Assemblyman Yoon Hu-deok recently proposed an amendment to the Housing Lease Protection Act, which is based on the introduction of a contract gang application and the rent limit.

The goal is to allow tenants to exercise their contract renewal rights (2 years + 2 years) only once, and to set the maximum increase in rent to 5%.

This is the content of consensus formed through consultations between the Justice Department, the Ministry of Land, and the Democratic Party last year.

In the pledge book released by the Democratic Party ahead of the general election, it was also said that the 2+2 contract revoked right and the previous month's rent limit, which could not raise more than 5% of the previous rent, were introduced.

In addition to lawmaker Yoon, several Democratic lawmakers, including Park Joo-min, are individually preparing to amend the Housing Lease Protection Act.

Assemblyman Park is pursuing an amendment to the content that allows tenants to exercise their rights to apply for a contract indefinitely indefinitely.

The Democratic Party will discuss the contents of the bill through the Euljiro Committee, but rather than submitting a unified bill at the party level, lawmakers will submit various bills individually.

The Democratic Party's general election pledge included preventing an increase of more than 5% of the original contract amount even when signing a contract with another tenant after the existing lease contract was over.

This is a further advance from the pre-existing Jeonse and Wolse world limits, which have yet to be fully discussed with the Ministry of Justice, Ministry of Land, Infrastructure and Transport.

The current month-to-month limit agreed by the current administration is applied when renewing the contract.

An official from the Democratic Party said, "If a number of legislation related to tenant protection is proposed, it will naturally be discussed with the government in detail."

An amendment to the Housing Act to introduce the Jeonse and Wolse filing system was initiated by lawmaker Ahn Ho-young during the 20th National Assembly.

A representative of the Ahn Senatorial Office said, "Sooner or later, the bills that could not be handled in the National Assembly will be re-issued. At this time, amendments to the Housing Act for the introduction of the monthly and monthly rent filing system will be issued again. "The contents of the bill will not be different from those previously submitted." Said.

The rent-to-rent reporting system is a system that allows you to report real-world transaction prices within 30 days of renting a house.

Rents for rented and rented houses that have been reported as real transactions are automatically processed by the tenant's confirmation date, so that the deposit can be protected and the government can secure statistics on the rented and rented market.

On the other hand, the lease income tax source is exposed as the landlord's rent information is released.

The monthly and monthly rent reporting system is also the basis for operating the contract renewal right and the monthly and monthly rent limit.

The Ministry of Land, Infrastructure and Transport is actively pursuing research services to prepare a plan to implement the Jeonse and Wolse tax return system even though the bill has not yet been dealt with.

The Ministry of Land, Infrastructure and Transport said in the service proposal, "It is necessary to establish a management system for implementing the pre- and monthly rent filing system, to prepare a legal supplementary plan, and to establish an accurate infrastructure to promote the right to apply for contract renewal and to limit the pre- and monthly rent limits." Revealed.

At the same time, Rep. Yoon Kwan-seok of the same party recently revised the proposed amendment to the Housing Act that contained measures for the December 16th.

This is to exclude housing from public housing, such as supply of rental housing, to prohibit the subscription for 10 years for illegal resale and to activate the street housing maintenance project.

The Rent 3 Act is expected to bring significant ripple effects to the housing market as it is one of the government's new real estate measures.

Despite the government's housing stabilization policy, the rent to cheonsei market in metropolitan areas such as Seoul has been overheating recently.

According to KB Kookmin Bank's real estate data, the apartment rental price in Seoul is estimated to have risen by an average of 24 million won (5.2%) in one year.

According to a recent survey by the Ministry of Land, Infrastructure and Transport in 2019, the ratio of monthly rent to monthly income (RIR) of rented households in the metropolitan area rose to 20.0% from 18.6% a year ago.

This means that 20% of monthly wages are paid as rent for all households in the metropolitan area.

It is also pointed out that the Democratic Party and the government's implementation of the Three-Lease Law may have adverse effects on the market as the ripple effect is so great.

Professor Kwon Dae-jung, a professor of real estate at Myongji University, said, "The pre- and monthly rent filing system and the right to apply for a contract renewal may stabilize the rent for the medium and long term in the medium to long term, but there is a possibility of raising the rent for the rent before and after the implementation."

Prof. Kwon added, "If the rental yield is low, construction companies and rental housing companies may be afraid to reduce the supply of rental apartments, and the right to apply for contract renewal may result in a lockdown of the amount of rent."

"If the autonomy and yields in the housing rental market decrease, the landlord may give up supply and the market may become more unstable in areas such as the city center," said Ham Young-jin, a manager of big data lab. , Rental housing supply policy may be good."

(Photo = Yonhap News)