Recruiting Tenants without Obtaining Permits From Competent Authorities… Fair Trade Commission Sanctions
6 Articles
6 Articles
[Ddangjipgo] Correction and public announcement orders have been imposed on a private rental apartment developer that recruited prospective tenants while concealing the fact that it had not obtained permits and approvals for its housing construction project plan from the competent authority. Previously, a developer that failed to comply with a correction order for the same conduct was reported to the authorities. These developers also exaggerate…
(Sejong = Yonhap News) Reporter Kim Soo-hyun = Omitting the fact that the housing construction project plan had not been approved by the competent authority in the tenant recruitment advertisement, and the prospective tenant recruitment rate was low...
Private rental apartment developers were sanctioned by the Fair Trade Commission for recruiting prospective tenant members without disclosing that they had not obtained relevant permits, and for advertising as "closing soon" despite low recruitment rates. On the 26th, the FTC issued corrective orders and member...
[Digital Daily Reporter Hwang Jin-hyun] Businesses that recruited members for private rental apartments while concealing the fact that they had not obtained permits from the competent authority and advertised "closing soon" despite recruitment rates being merely around 30% have been sanctioned by the Fair Trade Commission. The KFTC announced on the 26th that it has imposed corrective orders and public announcement orders on four companies—Dream…
Concealing the fact that it had not received approval for the housing construction project plan from the competent local government, and acting as if it were closed despite the low recruitment rate.
Developers who induced prospective tenants to rush into contracts with advertisements claiming "closing soon," despite private rental apartment membership recruitment rates being merely around 30%, have been sanctioned. It was revealed that these companies recruited prospective tenants while concealing the fact that they had not even obtained the necessary permits from the competent authority, which are essential for apartment construction. (Pho…
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