Daeryun Law Firm launches a task force to respond to the non-return of deposits for large-scale apartment complexes in the Chungju area

Massive deposit non-return crisis... Multi-faceted legal assistance by deploying real estate and economic case experts
One-stop support from lease registration to performance claims and criminal charges... “We strive to minimize damage to tenants.”

Amid growing anxiety among tenants due to a large-scale rental deposit-related problem at a large apartment complex in the Chungju area, Daeryun Law Firm announced on the 9th that it has launched a response task force (TF) to provide relief for tenant damage.

The place where the problem occurred is an apartment complex with about 2,000 households located in Judeok-eup, Chungju. Recently, the rental operator, Company A, has begun corporate rehabilitation procedures without completing the extension of the Housing and Urban Guarantee Corporation (HUG) guarantee insurance, leading to a growing crisis of non-return of large-scale deposits.

Accordingly, Daeryun recognized the seriousness of the situation and formed a customized task force by combining veteran experts with abundant experience. The leader of the TF was Cho Young-sam, a lawyer who served as a judge at Changwon District Court and Chuncheon District Court and had extensive experience in various civil and criminal trials for a long time. Attorney Cho is an expert in major real estate and civil litigation, including leading the Supreme Court's first precedent that a landowner can claim usage fees even if grave site rights are recognized, and he plans to lead the overall litigation strategy of this task force.

Attorney Park Gyu-seok, who has handled many complex economic crime cases, including investment and development-related fraud, also joined. Attorney Park, who has experience as an advisory attorney for an asset management company and a real estate development company, plans to focus on closely digging into issues related to landlords' deceptive practices.

In addition, attorney Dae-won Kim, who successfully obtained the return of the deposit by representing tenants in the ‘Danueu incident in Hakjae Village, Yesan-gun’ related to HUG rental deposit guarantee, and attorney Jae-sik Kang, a real estate expert with extensive court and registration practice, were also named to the task force.

Through this TF, Daeryun plans to provide one-stop legal services from initial fact finding to application for lease registration order, HUG deposit performance request agency, customized legal advice at each stage of the process, as well as transition to additional litigation, such as filing a criminal complaint for lease fraud when a dispute arises. In line with the characteristics of large complexes where group action is essential, the plan is to overcome the limitations of individual responses and launch a multifaceted response that puts pressure on landlords and HUGs at the same time.

Attorney Daeryun Cho Young-sam said, “If the financial condition of the rental business had already deteriorated to the extent that corporate rehabilitation was expected at the time of signing the first lease contract, this could be evaluated as an act of deception not only to the tenant but also to the HUG,” and added, “As we have experience in conducting numerous consultations and lawsuits related to performance claims, we will focus all of our capabilities at the corporate level to ensure that apartment tenants who are concerned about large-scale damage can actually receive their deposits back.” jckim99@sportsseoul.com

Reporter Kim Jong-cheol

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Daeryun Law Firm launches TF to respond to non-return of security deposit for large-scale apartments in Chungju area (Go here)