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A Review of Shop Key Money based on Market Relationship

  • Korea Real Estate Review
  • 2012, 22(1), pp.145-171
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

경국현 1 Baek, Sung-Joon 1

1한성대학교

Accredited

ABSTRACT

Shop key money is formed based on an unofficial contract. However, owing to the ambiguous relationship between the rights, the disputes about the collection and compensation of the key money would become a social issue. This study reviewed the key money at a new angle, which is different from the traditional one. The key money can be interpreted in the relationship within the market, influencing on the origination and the fluctuation of the key money. From a new shop tenant’s standpoint, this study pointed out the tradition of paying premium is unreasonable because key money can fluctuate or become extinct by the relationship in the market. In addition, the study implies that merely complying with the lease agreement can establish a new lease practice without the need for paying key money.

Citation status

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