본문 바로가기
KERD
논문KCI 등재

임대인 설문에 기초한 임대계약형태 선택요인 분석

Selection Factors for Different Types of Rentral Contracts: An Analysis based on a Landlord Survey

0

조회

0

다운로드

3

인용

0

참고문헌

키워드

주제분류경제학

초록

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.

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.

참고문헌 (11)

  1. 성은영, "임차인의 자산과 소득이 전·월세 선택에 미치는 영향분석 - 한국노동패널조사 자료를 활용하여 -", 국토계획, 47(1), pp.69~83 (2012), 대한국토·도시계획학회
  2. 위정환, "임차인 설문조사를 통한 월세미납 결정요인에 관한 연구", 부동산학연구, 20(3), pp.5~18 (2014), 한국부동산분석학회
  3. 임미화, "부동산임대소득이 은퇴가구의 소비에 미치는 영향", 서울도시연구, 14(3), pp.231~243 (2013), 서울연구원
  4. 임재만, "서울시 아파트 임대차계약 구조에 대한 새로운 해석", 국토연구, 70, pp.23~39 (2011), 국토연구원
  5. 이상일, "전세와 보증부월세간 선택요인과 주거수요 편차", 주택연구, 14(1), pp.139~164 (2006), 한국주택학회
  6. 이창무, "투자이론에 기초한 임대인의 보증금 비중 선택모형", 국토연구, 75, pp.3~24 (2012), 국토연구원
  7. 정의철, "아파트 전·월세 구성 비율 결정요인 분석", 국토연구, 44, pp.87~99 (2005), 국토연구원
  8. 조준우, "자산축적 및 금융지식에 따른 임차인의 전·월세 선택 특성에 관한 연구 - 다가구주택 및 오피스텔 임차 가구를 대상으로 -", 국토계획, 46(2), pp.153~168 (2011), 대한국토·도시계획학회
  9. 최창규, "전세와 주택 금융 차입하에 임대인의 공급 선택에 대한 해석", 국토계획, 43(6), pp.53~67 (2008), 대한국토·도시계획학회
  10. Kim, S. J., "A model of rental housing choices in the Korean market", Urban Studies, 29(8), pp.1247~1263 (1992)
  11. Navarro. I, "Antichresis Leases: Theory and Empirical Evidence from the Bolivian Experience", Regional Science and Urban Economics, 40(1), pp.33~44 (2010)

관련 논문AI추천

이 간행물의 다른 논문 (5건)