The concept of a commercial district refers to the area where customer attraction is centered around a store (facility), that is, an area where a certain percentage of demand leads to purchases at that store (facility). And the concept of location refers to the place where the store (facility) is located...

Continue ReadingReal estate common sense: A new paradigm for commercial growth – Pop-up store street Yeonmujang-gil, Seongsu-dong

As partial revisions to the Licensed Real Estate Act go into effect on October 19, 2023, real estate agents in private practice must explain the following when brokering a lease. 1) Information provision can be requested from the agency granting the fixed date 2) National taxes not paid by the lessor…

Continue ReadingReal estate knowledge: Precautions when signing a residential real estate lease based on the 2024 law