Lee Says Tenant-Occupied One-Home Sales Are Not Gap-Investment Approval

President Lee Jae-myung said it is excessive to describe the government’s review of deferring buyers’ actual-residency obligation as permission for gap investment. The measure under review would apply when a buyer purchases a non-resident one-home owner’s house with an existing tenant inside a land transaction permit zone. Lee framed the step as a way to give such one-home owners an opportunity to sell. In land transaction permit zones, the requirement that buyers live in the purchased home has been a core restriction, and tenant-occupied homes can create friction between that duty and existing lease contracts. If implemented, the review could open room for transactions of tenant-occupied homes held by non-resident one-home owners, but Lee drew a line against calling it gap-investment approval. Source: mk.co.kr