Daelim Industrial Co., Ltd. is a Korean Engineering and Construction company. In 1966, Daelim became Korea's first company to work on an overseas construction project by entering the Vietnamese market.
Gross Lease. A lease in which the tenant pays a flat sum for rent out of which the landlord must pay all expenses such as taxes, insurance, maintenance, utilities, etc. Under this lease structure, all the tenant is responsible paying for is their stated rental rate, all other expenses are borne by the landlord. Full Service Lease. A lease which the tenant pays an all-inclusive rental rate which includes operating expenses and real estate taxes for the first year or Base Year.
Leases are contracts whereby the lessor conveys to the lessee in return for payments the right to use an asset for an agreed period. The rental payments required over the lease term are called minimum lease payments. It is obvious that the minimum lease payments on a 12-month lease at $2,000 per month should be $24,000. But this number is made more complicated by the terms and conditions of the lease agreement.