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.
Commercial real estate landlords frequently have to resort to concessions to get tenants to occupy space in their buildings. These tactics become more common in times of high vacancy. One of the most popular types of concessions is a tenant allowance, also referred to as a tenant improvement allowance or a T.I. allowance. Tenant allowances are usually lump sums of money that the landlord makes available to the tenant to use in ways to customize the rental space.