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How to Read Maximum-Amount Mortgages and Property Registers: A Contract Checklist for Protecting Jeonse Deposits
A registered maximum mortgage amount is not necessarily the landlord’s current loan balance. Before paying a jeonse deposit, review the property register by section, compare claims and deposits with market value, and check senior tenants, taxes, trusts, and later changes in rights. The 70% guideline is only a rule of thumb—not a legal guarantee. #DepositProtection