The Retail Leases Act 1994 defines a retail shop lease as any agreement under which a person grants or agrees to grant to another person for value a right of occupation of premises for the purpose of a retail shop.
A commercial lease is a document that sets out the rights and obligations of the owner of a commercial property (known as the landlord or lessor) and a third party that has agreed to occupy the property (known as the tenant or lessee).
Find out the relevant legal information from the SBS Korean Program.
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