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tenant who lives in a public rental housing can buy a house for sale and continue to live or sell it to another person after the 5 or 10 year mandatory residence period.

This is called'sale conversion', but it is common for some tenants who have not completed their mandatory residency period to sell their homes to other people even before they are transferred to sale.



Reporter Jeon Hyeong-woo covered it.



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Mr. A suffered an absurd thing while buying a public rental housing in Unjeong New City, Paju.



The ownership of the house to be bought was not with the tenant, but with the LH because the conversion process had not yet been carried out.



[Mr. A: (the relevant complex) Some of the houses had been officially registered, so there were mixed houses that were sold not owned by LH but owned by ordinary individuals.

I believed the explanation that the property would be converted to sale soon.] It



was put out for sale in advance by the tenant before taking over the ownership from LH

.

When the time came, I was going to do so-called re-registration, in which two registrations were continued.



[B Realtor: Even now (sale) things that have not been converted are'restored', so I think almost 70-80% of them are (pre-sale)] Since



this is a transaction with a tenant who has no ownership, it is embezzlement of down payment, etc. Even if you do damage, you are not legally protected.



[Sim Gyo-eon/Professor of Konkuk University's Real Estate Department: Even if you buy, the right is not guaranteed, so if the existing owner changes your mind, there may be a big loss.]



Still, LH is prohibited by law from buying and selling public rental housing leases. However, they are letting go of their hands, saying that there is no regulation to prohibit buying and selling the right to convert in advance.



[Mr. A: Since LH has concluded that the contract is not illegal, it means that all public rental housing can trade in the tenant status (meaning.)] The



realtor who arranged the sale before the sale of the house is punished by the Ministry of Land, Infrastructure and Transport

.

Although it may be a target, we are not taking any special measures for pre-sale frequently conducted in new cities such as Pangyo and Paju Unjeong district.



The government has announced that it will supply 110,000 public rental units for two years, but there are concerns that public rental housing provided to curb speculation may be subject to speculation.



(Video coverage: Kang Dong-cheol, Video editing: Yumira)