Extension of the Grace Period for the Actual Residency Requirement Within Land Transaction Permit Zones Until the End of Next Year
6 Articles
6 Articles
The deferral measure for actual residency, applicable to non-homeowners purchasing so-called "houses with tenants" within land transaction permit zones, will be extended until the end of 2027. The deferral period will recognize not only the remaining term of the existing lease but also one renewal contract. Consequently, the move-in date could be delayed until the end of 2029 at the latest. The Ministry of Land, Infrastructure and Transport [is …
The deferral of the actual residency requirement, currently permitted for non-homeowners purchasing apartments in land transaction permit zones in the Seoul metropolitan area until the end of this year, will be extended until the end of next year. Additionally, lease renewal contracts will be added to the actual residency deferral period, which was previously applied only until the initial expiration of a tenant's lease agreement. The Ministry o…
(Seoul = Yonhap News) Reporter Lim Ki-chang = The deferral measure for the actual residency requirement applied when a non-homeowner purchases a house with a tenant within a Land Transaction Permit Zone (hereinafter referred to as "Toheo Zone") ...
Non-homeowners who purchase a house occupied by a tenant in all of Seoul and 12 areas of Gyeonggi Province designated as land transaction permit zones will be able to postpone moving in until 2029.
The special deferral for actual residency in homes within Land Transaction Permit Zones, which is set to expire on December 31 of this year, will be extended until next year. Lease renewal contracts are also included in the deferral. Accordingly, non-homeowners purchasing a house currently occupied by a tenant will be able to postpone moving in until December 31, 2029, at the latest. On the 17th, the Ministry of Land, Infrastructure and Transpor…
The deferral measure for the actual residency requirement, which applies to non-homeowners purchasing a house occupied by a tenant in a Land Transaction Permit Zone, will be extended until the end of next year. The lease period eligible for deferral has also been expanded from the existing lease contract to the renewal contract period, allowing for a delay of up to 3 years and 3 months in actual occupancy depending on the conditions. The Minist…
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