About Residential Lease Property Management in Japan

Post date: Thursday, June 25, 2015

What is the system for residential lease property management?


This system is in fact an official registry created and controlled by the Ministry of Land, Infrastructure and Transport.
 

The Definition of Residential Lease Property Management

(excerpted from the website of Ministry of Land, Infrastructure and Transport)


The registration system of residential lease property management companies was announced by Ministry of Land, Infrastructure and Transport in order to improve and enhance the standards of managing leased residential properties. (Publicly announced on Sept.30, 2011; the announcement enforced on Dec.1, 2011)

By making fixed standards about the management of leased residences, this helps in benefitting both lessee and lessor. Consumers can also use this publicly disclosed registry of management companies to help them make an informed decision in regards to properties and management companies.

 

As for the actual work of residential lease property management, they are numerous and range from advertising for tenants, collection of the rent, contract renewals and re-contracting documentation, cancellation of contracts, tenancy management, building and facility maintenance and so on.

There is actually no specific license required such as a Real Estate Brokerage license for an agent, that is necessary for doing this work. In other words, anyone can start a residential lease management company by just introducing him/herself as one.

When applying to register as a residential lease property management company (and also for every fiscal year afterwards), the company shall report the number of rental properties managed and the segregated management status of rents to the Ministry of Land, Infrastructure and Transport. A reference system and service is provided disclosing the information of the registered companies and their business statuses.

When you consider contracting a management company for your property, it is recommended that you check this registry to see if the company is registered, since this is a good way to check if the company has technical knowledge and work experience in the field.

Although this system is arbitrary, 3,636 companies were registered to this system (as of March 31, 2015), and of course we PLAZA HOMES is registered as well. "The Minister of Land, Infrastructure and Transport (1) 3354th" 


     

 

We employ qualified people in various fields (Real Estate Broker, Sectional Ownership Notary, Condominium Manager, Building Sanitation Management Technician, Property Manager (private qualification) etc.) and have a great deal of expertise and work experience,

About our service >> Property management in Tokyo


We provide all-around service based on a great deal of management experience with competitive prices. English service is available. Please feel free to contact us.

Exterior of Chigasaki, Matsugaoka 2-chome House
Sale Property tag

Discerning custom-built house full of sunlight. The first floor is ideal for stores, classrooms and offices. 6 minutes by car to Tsujido Beach (about 2.4km). There is parking space.

JPY82,000,000

Exterior of Kamimeguro 4-chome House
Sale Property tag

"Kamimeguro 4-chome Detached House" is conveniently located between Nakameguro and Yutenji stations. It is also within walking distance of the popular Nakameguro area with its fashionable cafes and restaurants. A green street lined with cherry blossom trees and Setagaya Park, with its many sports facilities, are also within walking distance, creating a living environment blessed with greenery. The building is a 3-story steel-framed structure built in September 1978, with a store on the first floor (post office: currently leased) and residential use on the 2nd and 3rd floors. The 2nd and 3rd floors are currently vacant and can be considered for residential use (monthly rent for the 2nd and 3rd floors is 280,000 yen). The 2nd and 3rd floors are currently vacant and can be considered for residential use (the 2nd and 3rd floors are currently available for rent at 280,000 yen per month, so please forgive us if it is rented out. In that case please consider as an investment purpose). The second and third floors are currently vacant and can be used for residential purposes.

JPY159,000,000

Exterior of Park Court Azabu Toriizaka
Sale Property tag

A stately looking low-rise apartment built on the hill top location along Toriizaka slope. It stands in a quiet residential area with lush greenery having a historic high class atmosphere as a place of Daimyo’s residences back in the Edo period. There are various foreign embassies, well-known private junior and senior high schools, and luxury residences for expats in the neighborhood. Redevelopment works in western Roppongi 5-chome and Azabudai District are currently in progress in the neighboring areas attracting more and more public attention as an international commercial district. Convenient for everyday life within approx. 6 min walk to Azabujuban Shopping Street and 11 min walk to Roppongi Hills.

JPY 120,000,000