How to manage the money I got from "lump-sum housing lease"?

Question

In South Korea, there is a concept called "jeon-se", which can be roughly translated into "lump-sum housing lease" or "long-term rental deposit". It goes like this: An owner leases their real estate for a lump-sum for a year or so. When the contract is not renewed and expires, the owner must give the money back to the tenant, who is moving out.
My parents recently showed me an opportunity to buy a house using jeon-se. The house's price is 300 million KRW(South Korean Won). I can use 50 million KRW(out of 170 million of my assets), but I can pay the rest using the tenant's jeon-se deposit(250 million KRW)
My parents insist to buy it because they speculate the price will increase, and they want me to have a house in my name. While I don't want to miss this opportunity, it seems risky. What if I can't find the next tenant in time? Then I might be in huge debt to banks to return the deposit.
How can I manage this kind of risk?

TomTom · Answer

It sounds risky. Well, not overly so, but what do you do in this scenario:

You buy the house for 300m
You pay 50m and use 250m from the renter deposit. Great.

After a year the renter MOVES OUT. And you have problems finding a new one. Economy crashed, whatever. How do you handle the return of the 250m? You possibly end up in court.
It sounds like a nice way to do it - but not for one apartment, and not without a assets in reserve you can use to handle emergencies.

How to manage the money I got from "lump-sum housing lease"?

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