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A Study on the Structure of Monthly Rent with Security Deposit in the Retail Market

  • Korea Real Estate Review
  • 2011, 21(3), pp.127-147
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Lee Young Ho 1 Koh Sung Soo 2

1(재)한국부동산연구원
2건국대학교

Accredited

ABSTRACT

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.

Citation status

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