2016, Vol.26, No.2

Korea Real Estate Review 2023 KCI Impact Factor : 0.56

pISSN : 2092-5395 / eISSN : 2733-8339
https://journal.kci.go.kr/krer

Housing abandonment contributes to neighborhood decline. It is a significant problem, especially in places facing population loss. However, government have no solution to the vacant houses problems. Also, there have been little researches on this topic. The purpose of this study is to analyze the impact of socioeconomic characteristics and housing market conditions on abandoned vacant houses. We used multiple regression to identify significant relationships between abandoned vacant houses (‘other vacant’ as a proxy for abandonment) and socioeconomic characteristics, and housing market conditions factors. The findings from this analysis suggest that the percent of abandoned vacant houses increases with higher percentages of aged houses and the supply of new houses. They also suggest that the percent of abandoned vacant houses decreases with a number of households and higher percentages of employees. We conclude that these cities should struggle with vacant houses by managing existing house and monitoring house supply.

This research analyzed the relationship of the probability of being M&A and corporate real estate holding ratio based on 2,184 companies for the period 2008 to 2013, using Logit analyses. The purpose of this study is to expand domestic research related to corporate real estate and to provide basic methodological tools to successful M&A, proving the information- useful of corporate real estate. The main findings were as follows. First, possession real estate holding ratio exerted a significant positive (+) effect on the probability of becoming a target of M&A. In contrast, investment real estate holding ratio had a positive (+) effect on the probability of becoming a target of M&A, but this was not significant. Thus possession real estate increases the probability of being a target of M&A, while investment real estate does not. Second, corporate real estate holding ratio exerted a significant positive (+) effect on the probability of being M&A. This means that the more corporate real estate held by a corporation, the greater the probability of being a target of M&A. Third, investment-company M&A had a greater influence on the probability of being a target of M&A than within-sector M&A. Fourth, KOSPI-market M&A had a significant positive (+) effect on the probability of being M&A. In contrast, KOSDAQ-market M&A had a positive (+) effect on the probability of being M&A, but this was not significant.

A residential tenancy is terminated by either: (1) Abandonment; (2) Surrender; or (3) Unlawful Detainer. Agents should never be involved with the: (1) Abandonment; (2) Surrender; or (3) Unlawful Detainer process on behalf of the owner. The agent should not post notices, leave business cards or do anything to assist the owner with the abandonment, surrender or unlawful detainer process. Surrender is a “mutual written agreement” between landlord and tenant to terminate the lease. A surrender is accomplished when the tenant gives a 30-day written notice terminating a month-to-month tenancy. A surrender may also be accomplished when a tenant gives written notice of an early termination of the lease (i.e., tenant wants to vacate the premises early). The landlord should carefully review any surrender agreement to make sure that they are not releasing the tenant from amounts that remain unpaid under the lease. Perhaps the most common situation giving rise to a claim of surrender by operation of law is the re-letting of the premises to a new tenant after a lessee has abandoned them before the end of his term, notice of intention to continue to look to the original lessee to make up deficiencies, if any, sometimes being given and sometimes not. Whatever may be said as to the proper holding on sound legal reasoning, it is certainly true that the courts are holding that such re-letting does not necessarily bring about a surrender by operation of law; particularly is this true where the lessor has given notice to the first lessee that the new lease is made on his account, or without prejudice to any claims against him on the original lease. This way the eviction is to be handled by court order and the lock-out by the Sheriff. This is the safest way to evict a tenant with the least amount of exposure.