Rental Housing Market Development and Regulation Act Article 40

Those who operated RHMB or RHSB before the announcement of this act may continue operation after the realization of this act for the next two years; those who do not acquire the registration certificate of rental housing service business pursuant to the Article 19 within two years shall not continue operation.Continuance of operation in contravention of the previous Paragraph will result in punishments referred to in Article 36.This Act does not apply to leases or rental housing management commission contracts signed before this Act became effective and which expire after this Act became effective, unless otherwise agreed by the parties.