Glossary of terms related to real estate investment.
Here are some words you should know about real estate investment, such as “Blue Declaration” and “Supplemental Loan”.
Glossary
Quality Assurance Law Information
Official name:"Act on Promotion of Housing Quality Assurance'
This is a law enacted for new houses in 2000.
Existing houses are not applicable.
① Regarding the main structural parts (roof, pillar, wall, foundation) and rain leakage,10 year warranty periodObligatory
②Housing performance display systemFounding of
③ Housing specialtyDispute resolution bodyMaintenance
Newly constructed houses are those that have not been occupied within one year of construction,
In the case of apartments (apartments and condominiums), even if there is a lessee, if it is less than one year old, it may be treated as a new construction.
