임차인의 특정투자 특성이 상가임대료에 미치는 영향*

The Effect of the Specific Investment Characteristics of the Tenant on the Commercial Rent

Commercial rental market in Korea, there is a unique system, unlike Housing rental market. It is the Conversion Deposit System. The Housing lease differentiated analysis is necessary due to the commercial leasing of these properties. This study analyzed whether there is the Hold-up problem on the Korean commercial rental market. The results are as follows. It was confirmed that Rise in the Conversion Deposit due to Rental-imbalance , the Conversion Deposit control by Goodwill and Rise in the Conversion Deposit due to the unrecovered investment . In addition, due to it was confirmed that 「Commercial Building Lease Protection Act」may be excluded from coverage. These results are a tenant of certain investments in the Commercial rental market suggests that eventually occurred a Hold-up problem leading to self-enforcing. These results suggest that the Tenancy differentiated market mechanisms can work for mall lease agreement.