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Maroc Maroc - THEWEST.COM.AU - Latest - 04/Sep 18:00

Could an innovative rental system in South Korea known as jeonse be adapted in Australia? It involves returning any money tenants pay to the landlord - and landlords are happy about it.

In the jeonse system, instead of a monthly rent, tenants pay a one-time deposit typically worth 50 to 80 per cent of the market value of the property. It is returned two years later when the lease expires.

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