(1) The lessee shall be entitled to receive a repayment of a specified amount of the deposit in preference to other persons holding the security rights in the leased house. In such cases, the lessee shall satisfy requirements provided for in Article 3(1) before an application for auction of the house is registered.
(2) The provisions of Article 3-2(4) through (6) shall apply mutatis mutandis to cases falling under paragraph (1).
(3) The extent and standard of a specified amount of the deposit, and a lessee who is entitled to receive a preferential repayment under paragraph (1), shall be prescribed by Presidential Decree through deliberation by the Housing Lease Committee under Article 8-2; provided, the extent and criteria of a specified amount of the deposit shall not exceed a half of the price of a house (including the price of a site). <Amended on May 8, 2009>[This Article Wholly Amended on Mar. 21, 2008]