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The Essay on the Legal Right of a Hot Spring and Appraisal Method

  • Korea Real Estate Review
  • 2009, 19(1), pp.75-93
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Taehoon Kim 1 문소연 2

1(재)한국부동산연구원
2한국부동산연구원

Accredited

ABSTRACT

Theories and precedents tend to deny the object about right of hot spring; a regal right of hot spring in Korea. Therefore a private person and a corporation that have a hot spring hole are limited by 'Hot Spring Act', though economic value of hot spring is very considerable, we didn't admit the value unlike Japan according to denying a regal right of hot spring. In this paper, we examine legal study focused theories and precedents and aimed appraisal standard & method. We study definition and each right concept of hot spring, compare theories and precedents of hot spring right in Korea and Japan and study acknowledge whether a real right or not and study legal privity and counter requisite such as declared means and cession of hot spring right. Next, Appraisal standard in Korea and Japan present value of hot spring right as appraisal method - cost approach method, market approach method and income approach method - and determine economic value of hot spring.

Citation status

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