Meaning of "Date of Certification"
This refers to the procedure whereby the competent authority records the date (by stamping or registering the document) on the lease agreement to officially recognize the effective date of the contract, thereby securing priority in the repayment of the security deposit.
"You must obtain a certificate of registration as soon as possible after signing the contract in order to preserve your right to priority repayment of the security deposit."
Related slang words
Stepping Stone LoanThis is a representative low-interest home purchase loan product offered by the government to help low-income households without homes buy a home.Right of set-offThis is the legal right that allows a tenant to continue occupying the leased property until they assert their tenancy rights and receive a refund of the security deposit (or an equivalent amount), even if the landlord changes.Establishment of a Jeonse LeaseThe act of securing legal protection by registering the tenant’s right to the return of the security deposit as a **jeonse right** in the official property registerBejimok LoanThis is a government-backed loan program that provides funds for jeonse deposits at low interest rates to help ensure housing stability for low-income households.Villa KingA sarcastic remark directed at scammers who buy up large numbers of townhouses using only the security deposits and then cause harm by failing to return the deposits on timeHomeownership LoanThis is a program that allows individuals to obtain a long-term, fixed-rate mortgage with installment payments, provided by the Korea Housing Finance Corporation.Pop-up caféThis term refers to a group of real estate agents who set up portable tents at apartment pre-sale sites and other locations to broker pre-sale rights without a license or to encourage illegal resale.Change of AddressNotifying the relevant authorities of the move to a new residence; this is a necessary procedure for establishing legal rights, such as the right of opposition, after moving.