What Is Wolse (월세)?

Wolse (월세) is the monthly-rent model: a smaller refundable deposit (보증금) plus a fixed monthly payment. A larger deposit usually buys a lower monthly rent, so the two are negotiable against each other. Most furnished, move-in-ready officetels and studios are let on wolse.

Wolse is the fastest lease to arrange and ties up far less capital than jeonse, which is why it suits foreigners arriving on short notice. Budget for the deposit, first month's rent, the 관리비 maintenance fee, and the capped agent fee.