Benefits for Tenants
- Rent Free
No monthly rent payment, just like Jeonse. Tenants won’t need to pay expensive real estate commissions to buy a home, and they won’t need to pay the ownership taxes or risk holding a depreciating home.
- Peace of Mind
JeonSafe customers know that even if their landlord goes bankrupt or the home loses value, they will get 100% of their money back, and they know the deposit is not being used recklessly. It’s always safe in the bank and returned to the tenant at the end of the Jeonse term.
- Background Checks
Tenants will no longer need to research landlords or avoid ones with a high debt to income ratio. They can close on the exact property they want, with full confidence. There’s no need to worry about who your landlord is or how much outstanding debt they have.
- Jeonse Loan
Getting a loan for JeonSafe will be as easy as a traditional Jeonse loan, and probably even easier. The monthly payment is lower than rent which saves tenants money. Their payments also increase their net worth, unlike rent, because they will get the JeonSafe deposit back when they move out.
- Life Savings Safe
Even if the value of the house they’re staying in goes to 0 or into the negatives, and their landlord goes bankrupt, the tenant will always get their money back because the property is not used as collateral and the deposit money is never invested. It remains secure in a high yield bank savings account.
- Replaces Insurance
Instead of paying extra money every month for insurance that will probably only return 50-70% of your deposit money, using JeonSafe will have you 100% covered and deliver peace of mind for a fraction of the cost.