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.
Ground rent is paid to the grantor (the ground lease holder) for the use of the property for the term of the lease in annual or semi-annual installments. Under a typical ground lease contract, the tenant agrees to pay all fees, taxes, and other costs associated with ownership of the property.