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Overview

What's Typical

TERM

3–5 years typical

BREAKS

Negotiable

RENEWALS

Negotiable

RENT BASIS

Net (excludes security deposit and maintenance fee)

RENT FREE

2-3 months typical

ESCALATION

CPI or market

SECURITY

10 monhs of gross rents

TENANT'S BROKER

Tenant pays

FIT-OUT

Tenant pays

RIGHT TO SUBLET

Rarely allowed

TRANSPARENCY

Limited but improving

Offices

Seoul +822 2170 5800