@article{ART001613503},
author={Lee Young Ho and Koh Sung Soo},
title={A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2011},
volume={21},
number={3},
pages={127-147}
TY - JOUR
AU - Lee Young Ho
AU - Koh Sung Soo
TI - A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market
JO - Korea Real Estate Review
PY - 2011
VL - 21
IS - 3
PB - korea real estate research institute
SP - 127
EP - 147
SN - 2092-5395
AB - Interests in the commercial property which is in the pursuit of rental profit are increasing according to the depression of housing market after the financial crisis. Therefore the factors which affect the leaseholder’s investment behavior are important with a shift of paradigms in the commercial property rental market. Especially, the lease contract structure in the retail is needed to get a new point of view because of being not standard.
The purpose of this study is to attempt to verify the leverage effect on security deposit in the retail rental market. Also this study analyzes the factors which affect the lease contract structure in the retail.
This study tests the leverage effect hypothesis, the interest-seeking hypothesis and the leaseholder’s mortgage financing hypothesis. Emprical analysis can not find the explicit evidences that support the leaseholder’s mortgage financing hypothesis. Rather, Emprical analysis confirms the leverage effect hypothesis and the interest-seeking hypothesis. Consequently the characteristic of security deposit is difficult to support any hypothesis explicitly.
KW - monthly rent with security deposit;retail;leverage effect;rental market;lease contract structure
DO -
UR -
ER -
Lee Young Ho and Koh Sung Soo. (2011). A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market. Korea Real Estate Review, 21(3), 127-147.
Lee Young Ho and Koh Sung Soo. 2011, "A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market", Korea Real Estate Review, vol.21, no.3 pp.127-147.
Lee Young Ho, Koh Sung Soo "A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market" Korea Real Estate Review 21.3 pp.127-147 (2011) : 127.
Lee Young Ho, Koh Sung Soo. A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market. 2011; 21(3), 127-147.
Lee Young Ho and Koh Sung Soo. "A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market" Korea Real Estate Review 21, no.3 (2011) : 127-147.
Lee Young Ho; Koh Sung Soo. A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market. Korea Real Estate Review, 21(3), 127-147.
Lee Young Ho; Koh Sung Soo. A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market. Korea Real Estate Review. 2011; 21(3) 127-147.
Lee Young Ho, Koh Sung Soo. A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market. 2011; 21(3), 127-147.
Lee Young Ho and Koh Sung Soo. "A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market" Korea Real Estate Review 21, no.3 (2011) : 127-147.
