When the deposit is fully or partially converted into a monthly rent, it shall not exceed the limit of the monthly rent calculated by multiplying the relevant converted amount by either of the following rates, whichever is the lower: <Amended on May 17, 2010; Aug. 13, 2013; May 29, 2016>
1. The rate set by Presidential Decree, considering the loan interest rates applied by banks under the Banking Act, and the economic conditions of the relevant region;
2. The rate calculated by aggregating the interest rate set by Presidential Decree and the standard interest rate publicly announced by the Bank of Korea.[This Article Wholly Amended on Mar. 21, 2008]