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임대인 설문에 기초한 임대계약형태 선택요인 분석

Title
임대인 설문에 기초한 임대계약형태 선택요인 분석
Other Titles
Selection Factors for Different Types of Rentral Contracts: An Analysis based on a Landlord Survey
Author
이창무
Keywords
임대인 설문; 임대계약형태 선택; 전월세 전환율; Landlord survey; Selection of rental contract type; Chonsei to Monthly Rent Conversion Rate
Issue Date
2015-09
Publisher
한국부동산분석학회
Citation
부동산학연구, v. 21, NO 3, Page. 63-73
Abstract
The current study analyzes the results of a survey of landlords regarding selection factors for different types of rental contracts. The results can be summarized through the following 3 observations. First, selection factors depend on landlords’ personal preferences. In Korea, rental contracts can be divided broadly into two types: Monthly Rent with Variable Deposit (MRVD) and Chonsei (multi-year rent paid up-front), which is a variant of MRVD. According to the survey results, most of the landlords who prefer MRVD are motivated by higher rental profits and a rental income stream that can cover living expenses. On the other hand, landlords who prefer Chonsei contracts are motivated by the leverage provided by sizable lump sums paid up-front by tenants. The second observation is that many landlords use the deposits from both MRVD and Chonsei to achieve financial leverage. The third observation is that many Chonsei landlords hope to convert their tenants to MRVD contracts, while almost all MRVD landlords want to increase the monthly rent and receiving a smaller up-front deposit. Some landlords, however, prefer Chonsei contracts because they don’t want to be exposed to tenant credit risk, i.e. overdue rent or non-payment. In logit analysis, older landlords tend to choose MRVD rental contracts and can be distinguished by their conspicuous preference for this rental type. In multiple regression analysis, other variables being held equal, MRVD landlords tend to lower required deposits and increase monthly rents as the difference between their yearly income and mortgage balance increases. Because this study does not use a sufficiently large sample size, these results cannot be extrapolated, however.
URI
http://kiss.kstudy.com/journal/thesis_name.asp?tname=kiss2002&key=3357938http://hdl.handle.net/20.500.11754/27316
ISSN
1229-4403
Appears in Collections:
COLLEGE OF ENGINEERING[S](공과대학) > URBAN PLANNING AND ENGINEERING(도시공학과) > Articles
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