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Housing Lease Protection Act — Article 7 (Requests for increase or decrease of rents)

주택임대차보호법 제7조

(1) If the stipulated rent or deposit becomes unreasonable due to increase or decrease of taxes, public dues, and other charges on the leased house, or a change in economic circumstances, the party concerned may request any increase or decrease thereof prospectively. In such cases, no request for an increase shall be made within one year after a lease contract is concluded or the rent or deposit agreed upon is increased. <Amended on Jul. 31, 2020>

(2) An increase requested under paragraph (1) shall not exceed 1/20 of the agreed rent or deposit; provided, the upper limit of an increase to be requested may be prescribed otherwise by municipal ordinance of the Special Metropolitan City, a Metropolitan City, a Special Self-Governing City, a Do, or a Special Self-Governing Province within the scope referred to in the main clause in consideration of the circumstances of the housing lease market for each region within its jurisdiction. <Added on Jul. 31, 2020>[This Article Wholly Amended on Mar. 21, 2008]

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