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A Study on proper Compensation Resulted by Urban Redevelopment on Commercial Tenants

  • Public Land Law Review
  • Abbr : KPLLR
  • 2011, 55(), pp.59-76
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

임영인 1 Lee,Joo-Hyung 1

1한양대학교

Accredited

ABSTRACT

This study has committed an analysis on the proper compensation requirements for commercial tenants in urban redevelopment. For this, the requirements and social perception of the commercial tenants to current business compensation were analysed. After the cognition analysis on proper compensation for commercial tenants, 90.2% of the commercial tenants replied that the loss compensation with the standard of compensating only maximum 4 months according to initial 3 years of average profit is unreasonable and needs improvement. Through the analysis to find out what other factors can be reflected for proper compensation on business compensation, it was realized that most commercial tenants had made a judgement that compensation of the premium and priority of moving, things that insure the right to move in again were needed. Based on above analysis results, the implication for the proper compensation of commercial tenants are as following: First, the premium money must be compensated. The major discontent for not having a migration alternative was the underestimation of the compensation money without the acknowledgement of premium money. Second, negotiation beforehand with the tenant and priority of moving needs to be ensured after the completion of urban redevelopment. Third, a public leased commercial district on inexpensive rent should be run in order to enhance the rate of resettlement of small-scale commercial tenants.

Citation status

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