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A Study of the Payment Criteria for Real Estate Trust ReturnsBefore the Expiration of Trusts

  • Korea Real Estate Review
  • 2015, 25(3), pp.113-130
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

김용진 1

1대한토지신탁

Accredited

ABSTRACT

Land Trust is one of financial investment instruments, Trust company received land itself from land owner, and lead development projects on behalf of the truster as a trustee. In the point of managing the trust assets, Land Trust is actively engaged in the projects in comparison with the other real-estate trust. The land trust was introduced 20years ago but it‘s concept was not clearly established in the regulatory system of trust law. In this regard of this, review the background and purpose of the regulation “the payment criteria for real estate trust returns before the expiration of trusts”. In addition of this, the matters such as the scope of pre-payment, the meaning of land price, the validity of the concept of trust income, was studied during the progress of the development projects. As the result of this, land trust was understanded by one of type of business trust, and this pre-payment regulation need to switch regulation of the prohibiton unfair business practice to regulation of the project safety and soundness.

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