Glossary
Lump-sum Lease vs. Monthly Rent
Leasing with a large deposit versus paying monthly
Jeonse is a leasing arrangement (common in Korea) where you place a large deposit with the landlord, live with no monthly rent, and get the deposit back when the lease ends. Monthly rent means a small deposit plus a payment each month. With a lump sum, jeonse can be cheaper; without one, monthly rent fits — so people choose by their circumstances.