Meaning of "No-deposit lease"

Kkang-Tong-Jeon-Se

No-deposit lease깡통전세#직장/비즈니스#경제/재테크#사회/이슈#라이프스타일2022 Meme

This refers to a situation in a jeonse contract where the jeonse deposit is abnormally high relative to the market price, increasing the risk that the deposit will not be returned on time.

"Given current market conditions, there’s a high chance this neighborhood involves empty-shell jeonse, so you must carefully check the deposit limit before signing the contract."

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