Know your rights as a tenant in Japan: Introducing the principles of “Tokyo Rule”

How many of you had a problem with high repair costs when moving out from an apartment in Japan?

We have witnessed many cases like this in our practice.
A lot of people are not aware of their tenant rights, and many of them end up paying huge fees for the damage that they did not cause or were not responsible for.

In Japan Properties, we believe that we can challenge the existing state of affairs by providing foreign nationalities living in Japan with trustworthy and helpful information.

Thus, seeing how the rights of the people are violated, we decided to dedicate today’s topic to the tenant’s rights in Japan.


1. What is “Key Money” and “Deposit Money” and why do I have to pay it? 


First of all, let us briefly explain the meaning of “key money” and “deposit money” mention of which can suddenly raise tension in the room. 😀

From the early 90s, the shikikin and reikin fees are losing their influence. Currently, there are properties which do not require any “key money” or “security deposit.” It is slowly becoming a dying custom.
However, unfortunately, most of the central residential areas come with these fees because they are in high demand.

礼金・権利金 – れいきん・けんりきん – Reikin・Kenrikin – Reikin is considered to be “key money,” which you give your landlord as a “thank you” for letting you rent his house/apartment. This money is not coming back after moving out.

敷金 – しききん – Shikikin – Security deposit – the money you give to the landlord at the commencement of the rental period. For example, in a situation when you are required to pay for any damage that you cause intentionally or accidentally the repair cost will be deducted from Shikikin.

If there is a need for repair/cleaning expenses at the time of moving out from the apartment, the amount will be deducted, and the remainder will be refunded when you leave.

However, due to the difference in recognition between the owner and the tenant, there are many issues of “deposit checkout at the time of move out.”

The Japanese government protects vulnerable and urges tenants from the potential pitfalls and scams. To avoid such troubles, Tokyo Metropolitan Government issued the “Leased housing conflict prevention ordinance” so-called “Tokyo Rule,”  which came into effect from the new lease contract after October 1, 2004.



2. What is Tokyo Rule?


1. The principal of the Tokyo rule is that the owner collects rent which includes maintenance cost of the building and the room. The owner is obliged to keep the place to a standard which is habitable for humans.

For example, the apartment would need air conditioning unit installed because summer heat in Tokyo is unbearable.

If the aircon breaks then the owner is responsible for repairing it because it is the part of the house/apartment. It is his/her duty to provide the reasonably comfortable living environment.
The same rule applies to the water heating unit break down in winter.

2. Tenant is not responsible for the normal wear and tears in the room. The owner cannot charge you for the full replacement of the wallpaper because of minor scratch and mark. You may be partially responsible and will need to contribute the repair cost of the damaged part.



3. What is Depreciation Table?



As a part of the “Tokyo Rule” government set a depreciation table, which is reflected in this document.

Let’s take a wallpaper as an example. It depreciates from 100% to 0% after six years. In other words, wallpaper loses its value after some time due to normal wear and tear. Therefore, an owner can not charge for repair cost after you lived in the apartment for six years because the wallpaper already lost its value.

If you lived for four years, theoretically, the ⅓ of the value remains. If you damaged the wallpaper, you need to replace the injured section of wallpaper. Therefore, the price for replacing a part of the wallpaper – 2/3 of the depreciated cost.



4. How to Prevent Misunderstanding and Potential Pitfalls?



Before moving in, there must be an initial check of the apartment condition conducted by the property management company.

You should receive a check sheet to write every damage what was there before and even take photos if necessary. If there is even a scratch and you are not responsible for it, it must be written on the check sheet. Both parties should keep the copy of the checklist and photos.

On the moving out day, you will meet with the Property Management staff. They will go through the rooms to check if there is any damage that is not included in the check-list.
Having this document will prevent both parties from any misunderstandings.

In addition to this, be sure to settle the apartment check date ASAP to be sure that you have enough time to solve any issue.

The residential lease agreement typically requires you to give one month notice to the owner before moving out.

You need to provide a written notice with the relocation date, which you can not change. The company is most likely to plan a repair work on your move out day. Therefore, they will make necessary arrangements right after you send them the notice.

If you contact the owner approximately one month prior, then you still have enough time if they ask you to fill in any documents. And the management company have some room to discuss the issue with the landlord as well.



5. Conclusion. 



Finally, it is beneficial to familiarise yourself with the “Tokyo Rule” issued by the Tokyo Metropolitan Government.
Unfortunately, currently, it is available in Japanese language only.

We have translated at our own risk the section of “Tokyo Rule” which reflects who is responsible for what type of damage – tenant or lender.
It might seem that it is the tenant who is responsible for any damage, but it is not that straightforward.
“Tokyo Rule” shows that there are different levels and types of damage and lender cannot charge the tenant for usual wear and tear.   

The following is a translation made by our team, so we apologize in advance for any errors, omissions, or ambiguities. We hope that you will find it useful and it will help you to understand basic principles of the “Tokyo Rule.”









Download a PDF version of Tokyo Rule Translation


We hope that this article would be useful for all foreign nationalities living in Japan!
Please feel free to contact us with any question related to this topic. We would be more than happy to assist you!


Disclaimer: No liability is assumed by Japan Properties Co., Ltd. for any errors, omissions, or ambiguities in the translations provided on this website. Any person or entity that relies on translated content does so at their own risk.

Mortgage Loan Application FAQ

Our dear Expat friends!

In the past, we have received a lot of questions related to mortgage loan applications.

It is an essential part of the property purchase as many applicants wish to finance their purchase by borrowing money from banks. However, they can be misguided or even get rejected by some banks only because they applied for the wrong bank.

Therefore, it is reasonable that applicants want to know whether they are eligible for the loan in Japan.

We have experience working with foreign nationalities in Japan and in addition to the brokerage we also provide consulting services.

It would be our pleasure to guide you through the process of loan application, suggesting the best solution depending on your profile.

This article contains the essential information you should know before starting the application. You should not underestimate your chances for a mortgage loan as well as not get too overwhelmed.

For this purpose, we thought it would be good to have the most frequently asked questions about loan application gathered in one place and published as an article.

1. Can I get a loan if I am not a PR?





It is a common misconception that if a person does not have a PR in Japan, then he/she is not eligible for a mortgage loan. Yes, having a PR will give you advantages same as a Japanese national.
However, it does not mean that if you have working or another type visa, you do not stand a chance. Currently, several banks provide foreign nationalities that do not hold a PR with a mortgage loan.


2. Can I get a loan if my wife/husband is Japanese? Can my Japanese wife/husband be the primary applicant?



 


Having a Japanese spouse is not a “golden ticket” for a mortgage loan.

If you are married to a Japanese nationality, and he/she has worked several years and have a stable income, then this person can be the primary applicant. In this case, you can get all the advantages that only PR holders and citizens would typically get – low-interest rate and loan for 100% of the property value.

However, in case if your spouse does not work, unfortunately even being a Japanese nationality will not help. A person cannot apply without a stable income.


3. Can I combine my spouse’s income as well?




If the primary applicant is a Japanese nationality, the spouse must have a Permanent Residency to combine their income.

If the primary applicant is a PR holder, then his/her spouse must be a PR holder as well to combine their income.
If none of the family members have a PR, then they also can combine their income.

However, in case you have a PR, and your spouse does not then you can apply with combined income. Therefore, if one member has a PR and the other is not you, unfortunately, cannot combine your income.

Therefore, sometimes not having a PR might also be an advantage. However, then you will have higher Interest Rate and only up to 90% loan amount.


4. What if due to sudden health issues I can not pay the loan? Will the bank take away my property?





When buying a house, banks usually require applicants to get a Life Insurance.
In case if the applicant is not able to service the loan due to serious health issues, then the Life Insurance then may cover the costs. It is also better to check with your insurance company which illnesses do they cover.


5. How much can I get?





People are curious about the loan amount they can get from the bank. Indeed, this information is essential for the applicant as we want to know what house we can afford and how much down payment will be necessary.
Unfortunately, banks have a complicated calculation method of deciding how much can the applicant get, so we have to inquire on a case by case basis.

Of course, we can calculate the approximate number, but it will mostly depend on your background including credit history, income level, savings, etc.


6. How do banks decide the loan amount? What are my chances?




If you have worked in Japan for several years, have a stable income, clear tax record and credit history without violations, it is likely that you will get a loan. These are the facts that banks check when they make a decision.

Your chances depend on your profile, and it is hard to give a straight answer without checking the background.


7. Can I get a loan even if I had credit problems in the past?



Yes, it is possible to get a loan even if you had problems with credit card previously.
But, of course, only if you have solved these problems before the application. 

Banks will review your profile and pay attention to the employer company, income level, how many years you have been in Japan, credit history, and some other facts. Therefore, it is better to be accurate when submitting the application documents.

If you are not sure about the credit card history, you can check it yourself by inquiring information from credit companies. It would be beneficial to review it prior sending the application form to the bank. If there is any critical problem, you might want to solve it first.


8. Which banks work with non-PR?




Well-known banks which offer a mortgage loan for non-PR are Suruga and Suumo.
Your application might get rejected by large banks because they have their reasons to decline. Please do not get frustrated because there are banks who provide loan for non-PR nationalities and you just went with the wrong one.

Currently, banks like Suumo and Suruga lend to foreign nationalities without a PR at a slightly high-interest rate and up to 90% of the property amount. It means that you must come up with a 10% down payment and additional 7% transaction expenses.


9. Is it better to wait until I get a PR and then apply for a loan?




Of course, having a PR is an advantage because then banks will treat you same as a Japanese nationality. It means that you can get approximately 1% Interest Rate for fix term loan and around 0.7-0.8% for variable rate loan, coverage for 100% of the property value and even provision of the additional 7% transaction expenses.

Without a PR the interest rate will be higher (appx. 3-4%), and a bank will only cover up to 90% of the property price. Therefore, you will need to come up with the 10% down payment and 7% transaction fee. It means that you need to have savings to cover the initial costs.

However, it does not mean that it is always better to wait until getting a PR and then apply for a loan. Some people did not have a PR at the moment of application, and they did not lose the chance of getting the same loan terms as a PR holder.

And the following question is a solution for this type of situation.


10. Will the Interest Rate change if I get a PR?




Imagine a situation like this:
You are paying a rental fee every month, spending money on contract renewal maybe.
Instead, you can pay towards owning a house, even if you do not have a PR.

You might want to calculate it cost-effective to continue to pay the rental fee while waiting months or even years for Permanent Residency. If you are unsure and new to the application process, it might take you a couple of years to get the cherished document.
And all those months you will still need to pay the monthly fee and a contract renewal fee. You might end up wasting a significant amount of money for nothing.

Therefore, it might be better to apply for a mortgage loan without having a PR and pay towards owning your property.

While servicing the loan, you can put all your effort into the PR application.
The fact is that banks usually require applicants to stay with them only first five years.

Therefore, if you were granted a PR, after five years, you can apply for another bank with better terms like 1% interest rate and 100% loan amount.


11. How long can a mortgage loan duration be?




It depends on the applicant’s age and the bank’s terms.

For example, some banks assume that a person is likely to have a stable income and thus be able to service the loan until he/she turns 70 years old.

Therefore, they would take your current age and simply subtract this number from 70.
The result they get will be the duration of the loan.


12. What if I return to my country, can I still keep the house?




We also get this question a lot from our foreign clients. Indeed, we understand their concern because anybody would like to know how they can handle a situation like this.
What options does a person have when leaving the country while still paying out the loan.

In such case, there is a straightforward solution that we can suggest:

For example, you purchased a house and currently servicing the loan, and suddenly you have decided/forced by some personal reasons to move to another country.
We would introduce the client to our Property Management team who will take care of the property. They will find tenants and use the rental income to service the loan.
Thus, the client would not need to be worried about the house or sell it away while being overseas.


13. Can I get a mortgage loan if I do not speak Japanese at all?




Before signing other documents, you need to familiarise yourself with an explanatory text which states all the terms and conditions of the bank. The bank’s representative must explain you the whole document and assure that you accept the terms and conditions.
Banks must be sure that you comprehend and make an informative decision.
Therefore, they want to see an applicant who has at least a conversational level of Japanese.

If you do not speak Japanese fluently, we can suggest you hire a bilingual lawyer, who can ensure the bank of your full comprehension. However, you will still need to write your name and address in Japanese when signing the contract. It is unfortunately mandatory so if you are planning to apply for a loan start your practice ASAP!


We hope that this article will be helpful for people who are interested in property purchase in Japan.

If you have any additional questions, we would be more than happy to add them to our FAQ. Please do not hesitate to send them through our contact page.
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What should you know when buying a house in Japan?

At Japan Properties, we want to ensure that buyers make an informed decision and are aware of potential problems when dealing with real estate in Japan.
We take an extra mile to deliver the accurate information to the customer.

Having these thoughts in mind, we would like to share our knowledge on how to avoid some potential pitfalls when purchasing a property in Japan. 

1. Brief Overview of Real Estate Market


There are some suburban areas which have more supply-demand balance, for example, a bit far locations like Hachioji or Fuchu – westside areas. In those regions, some property developers are struggling to sell a house, and it means that buyers have plenty of time for negotiation.

However, Tokyo has relatively high prices being in high demand in Japan’s real estate market. Nevertheless, good houses are sold fast.

In the last few years, we had many property developers’ attention on the bay area where most of the activities related to Olympics are planned to be.
In addition to this, currently the Haneda airport area is also in particular demand, and a lot of condos are transacted in those areas.

However, no one is sure how the market will change after the Olympics. Some say that there will be a significant drop in the demand. Some overinfluenced prices may be adjusted, yet in our view, Tokyo will remain unchanged being one of the leading centers of Asia because of the constant flow of people from the regions and an increasing number of foreign nationalities.

Summarising all of those mentioned above, we can assume that Tokyo might have a mild adjustment.
Thus, to stay on the bright side, it is necessary to be careful with Real Estate.


2. Types of Properties


When buying a property in Japan, you have three primary options:

1. Condo
2. Detached House
3. Land

Condos and houses have two main types:

a. New
b. Pre-owned

The condo construction projects also vary depending on the target market: family, single or couple. There is plenty information on the web dedicated to this topic, so one can easily access it.

3. Behind the high price


With the new condos, prices include their promo cost for the glossy brochures and for setting up showrooms, etc. For example, a showroom can be located not in the building itself. The company will rent a space making it off-site because the house itself might still be under construction.
It can cost millions of yen to the property developers, so it is better to keep that in mind because it eventually impacts the price.

Another fact about a new condo is that if the mansion has, for example, 50 rooms, owners release them to the market partially, step by step. By doing this, they are trying not to saturate the market and to create a demand.

Due to the high competitiveness of the market, developers try to equip their properties with technical gadgets to make them more appealing. But be careful because each innovation comes with a price tag on it.

It might be a good idea to look at the condos that are few years old. However, there might be not that many of them because when people buy a condo, they, of course, tend to live there at least around 4-5 years.

4. Be Aware of the Pitfalls

Shuzentsumitatekin and Kanrihi – a possible trap for those who are unaware.

1. 修繕積立金 – Shuzentsumitatekin – Reserve Fund
2. 管理費 – Kanrihi fees – Administrative Expenses + Daily Cleaning + Minor Maintenance 

which are set by the property developer.

At the time of the first release, developers tend to set the amount of reserve fund at a low rate. However, after time goes by, this charge might increase due to necessary repair works for the whole building.

Developers set the price at a lower rate to attract buyers, so you must keep in mind that these fees might increase after some time.

Property developers decide the price of the reserve fund by using “修繕計画” (Shuzen Keikaku) – repair plan estimation.
Typically, the estimation of the repair cost is reviewed when the necessity arises.


5. Know Your Neighbourhood – Tips of Real Estate Consultant


We assume that everybody would be concerned about the overall environment of the mansion before relocation.

After you move, there is a possibility that your neighbors will cause you inconvenience and the management company would not correctly supervise the building. And even if you can resolve these issues, it will take time and effort.

There are simple ways of finding out whether the property is worth to move or not and we want to share them with you.

The crucial area to view is a notice board of the mansion. If the last year’s advertisement is still hanging out there, it means that management company does not pay attention to what is happening.

Also, it would be helpful if you keep an eye on the common area, amount of lighting in it. It would be better to check even the rubbish bin because the way people manage their rubbish can tell a lot about them.
Everything must be taken into consideration because it can tell much about residents and management company.

We highly recommend checking the record on the AGM (Annual General Meeting) – what are the discussions, any issues? 

Legally you have a right to ask the agent to provide those records before signing the purchase documents.

Usually, real estate agents do not want to concentrate buyer’s attention on that because they want clients to go straight to the purchase step.
If the client found out the issues afterward, agents will not be responsible for this.

Real estate agents get the copy of AGM, internal rules of tenants, reserve fund information from the seller’s agent. They usually provide the information at the time of the contact not before.

We, on the contrary, are trying to get this essential information before signing the contract so the buyer can examine it thoughtfully without rush.

6. Pre-Owned Houses and Condos


With pre-owned condos and houses, there are two main kinds –

1. The owner is currently living on the premise.

In this case, moving in might be delayed because the owner will be most likely to start searching for a new house for himself after signing the purchase contract.
Also, cleaning and renovation works must be done, which depending on the house means around 2,000,000~3,000,000 JPY of additional expenses.

Thus, there will be extra costs if you buy an occupied unit and you have to wait a couple of months for the previous owner to move.

2. A pre-owned unit sold by real estate company.

If a real estate company buys a unit, it puts effort to make a house as appealing as possible. It includes renovation and cleaning works to make the house look tidy and attractive.

In this case, the real estate company is the vendor who knows the business and will help you to move in. In addition to this, you can get a two-year guarantee from the company on any hidden primary defects – 瑕疵 (Kashi).
This word means “unfound defects.

Word Kashi is used in case if the house condition is different from what owner initially promised. For example, weak roof construction which leads to rain leakage will be considered as a hidden flaw – Kashi.

“2年間を瑕疵担保します” – Ninenkan wo kashi tanpo shimasu.
This phrase means that company will provide a two-year warranty for any unfound defects.

There is a useful FAQ related to Kashi. (only in Japanese)

They were a lot of issues in the past with the Kashi – hidden defects. It is why people concerned to buy pre-owned houses because they were not sure what hidden errors they might be.

It was one of the reasons why pre-owned house market in Japan is not developed.
Another reason is that the government’s policy is encouraging buyers to purchase new houses because it has a significant impact on the national economy – on the GDP.

Recently, however, this was seen as a problem. Because after several years these new houses will become old. Currently, Japan has over 5 million homes available because the secondary house market is not developed. In Japan, it is called “空き家問題” – vacant houses issue.

To encourage people to buy pre-owned houses the government issued an order that any real estate agent must let the potential buyer know that he/she can inspect the home.

An agent is obligated to tell that to the client that they can use the service of an independent inspector. However, some owners refuse to let the inspections check the house and legally they are free to do it.


3. The third option is to buy land and build a new house from a scratch.

With the land option, there might be a problem with borrowing funds from a bank.
Banks usually do not want to lend money to people who are currently renting a place to live. It is because banks assume that this person will not afford to pay the rent and service the loan at the same time.



Summarising all of the mentioned above, it is evident that without specific knowledge you can face some risks and hidden pitfalls when you buy a property. 

However, with the guidance of the team that cares about people, this process can become a pleasant journey.

This is what we do at Japan Properties – delivering accurate information offering high-level customer service.
We hope that this information will be helpful for people who are involved or considering to move to Japan. 

If you need any additional information, please do not hesitate to comment below.

Expat Guide on How to Manage a Property in Japan

As you can see from our Services page, Japan Properties is more than just another real estate agency. We provide a full line of real estate services including asset management, succession planning, acquisition&brokerage and office leasing.

Our goal is to ensure that foreign nationalities receive the most accurate information and are more than satisfied with the service’s quality.


In our previous article, we introduced guideline for searching the best area for Property Investment in Tokyo.

Today we would like to continue the topic and give you information on Property Management in Japan. We structured this article in the form of question&answer.


The following are the most common questions related to Property Management in Japan:

 


1. What are some general guidelines for buying your first property in Japan?


 

a. Concerning investment funds:

If you buy a property with cash, the risk is limited to your investment.
If you are borrowing funds to invest, it is necessary to service the loan. You need to be careful and make sure that there is enough cash flow from the property. Try to borrow as less as possible, because you want to be cautious as a newbie to the real estate investment market.
As you gain experience with the market, you may become more confident to use loan funds to give leverage to your own resources. 

It is a well-known fact that Japan’s population is declining. However, despite the national trend, Tokyo area is attracting people from rural Japan and overseas. It helps to maintain the dynamics of the market.


b. Concerning investment area:

We have highlighted some high-risk, low return and relatively safe areas for Property Investment in Tokyo. It does not mean that the whole area is safe, but it is better to take it into account when comparing different investment options in Tokyo.


c. Concerning building type:

There are different types of building models in Japan:


  • SRC – Steel Reinforced Concrete
  • RC – Reinforced Concrete
  • S – Steel
  • W – wooden

Wooden buildings tend to be cheaper to build, but are more likely to be damaged by natural forces.
The steel building is more expensive and more protracted to build, but last longer and takes more time to depreciate.

For example, with a wooden building, you can depreciate value over 22 years, but reinforce concrete takes 47 years to amortize.



2. Can a person purchase property in Japan while living abroad?




This question might be one of the most popular of those which our Property Management department have been asked.

The answer is yes, it is possible to purchase property while not being a resident of Japan.

The person must, however, fly to Japan at least once to sign the contact with the seller. There is a rule that a real estate consultant needs to meet a customer in person to check his/her ID to prevent the “犯罪収益移転防止法” (Hanzaishuekitenboshiho)ー money-laundering through a cash transaction.
That is the primary reason why a buyer needs to come to Japan at least once.



3. Is it better to be a private landlord or use an agent to manage your property for you? Why do I need property management?




In today’s environment, you need a professional skill and knowledge:


A. to manage a property appropriately
B. to ensure the highest return you get from the investment
C. to prevent any potential problem that can arise


If it is a small property and you live nearby, you could probably manage it by yourself. However, you must be prepared to cases when you might need to confront the problems during the night.

Property managers, on the other hand, know how to deal with such cases and know how to act within the rules, while trying to keep the cost of the landlord to a minimum. 

From the tenant’s point of view, it is better to deal with a certified property management company. Some contractors in Japan are not willing to deal with an individual.



4. Is a property management company responsible for finding new tenants?




It depends on the type of arrangement you have with a property management company. Some companies can give you a rental guarantee and pay about 80% of market rent. 

They will try their best, but unfortunately, they do not have full control of a market.
Good news is they know what properties are in demand – what is market looking for. They will come up with the appropriate recommendation like rent amount, facilities, tenant relations strategy for the owner to consider.

It may work like this:

The real estate market has leasing specialists who are working with potential tenants looking for a place. And on the other side – property management company that has a business network with leasing agents and is trying to meet the match.



5. What costs are there to consider when owning rental property?



  • In case of leased land, you must pay a land rental fee, amount of which depends on the area.
  • Secondly, it is mandatory to pay (typically annually) fire insurance for the property, approximately 0.5% of the building value.
  • Property tax, which is equal to 0.5%.
  • Also in case if you work with property management company then you need to pay PM fee. Generally, it is equal to 5% of Gross Rental Income.
  • There might be some additional costs, for example, repair and maintenance cost. The amount depends on age and state of a building, usually between 5-10% of total rental revenue.
  • And in case if a property requires significant repair work the amount will increase.
  • The cleaning fee can apply if a tenant damages the room. The amount differs from district to district.



6. What are general property management fees?




Property management company does a great work assisting the property owner by dealing with tenants, reporting on property condition on a monthly basis, submitting rental income report, etc.

A property management service fee in Japan is usually 5% of Gross Rental Income plus tax.

Please note that it might be useful for a landlord to give PM agent an allowance around 10,000-20,000 JPY for small repairing works. It is better to provide it in advance because even a minor issue can cause a delay, which can result in tenant’s dissatisfaction. And keeping tenants satisfied is the primary goal of the landlord and PM company because he/she is their primary source of income.



7. What is the most significant mistake landlords/property managers make when renting a property?




Choosing a wrong tenant!


A property management company interview potential tenant on behalf of an owner to avoid this mistake.
 
The first step is application screening, where they check the potential tenant’s ID, personal information, etc.
If there are no gaps in the resume, then they will proceed to the next step – interviewing the tenant. If this went well, they would report back to the landowner because he is the one who makes the decision.

A worst case scenario is if you fail to find an average tenant. It would be difficult and painful to resolve issues with tenants.

It is well-known that the rental fee is the primary source of income for the property owner, and if the cycle brakes it would become the worst situation for everybody.

Therefore it is essential for the landlord to work with a trustworthy and professional PM company which will avoid critical mistakes. 

Fortunately, we have a highly skilled English speaking property management team in Japan Properties Co., Ltd., which would be more than happy to assist with any inquiry.
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English Guide for Mortgage Loan Application Documents

Dear Expats in Japan,

In Japan Properties Co., Ltd. we believe that we could assist Expats in Japan not only with property purchase but also by providing them with essential information related to Real Estate.

Every day we are trying our best to come up with topics which we believe would be interesting for people who are considering or in the process of moving to Japan.

In addition to this, we decided to issue guidelines in downloadable PDF format. These guidelines are created explicitly for Expats – all in the English language with templates and examples.

We are happy to introduce The Guide for a Mortgage Loan Application. This paper contains detailed information about each document for a mortgage loan application in Japan.

We hope that it will be helpful and if you have any questions related to the topic, please feel free to contact us at any time.

The Guide can be download through the following link: 

Mortgage Loan Application by Japan Properties Co., Ltd.

How to choose best ROI area for property investment in Tokyo?

Considering investing in real estate in Japan? Want to know more about investment area and pattern?
Dear Expats in Japan!
We are happy to present you our new #article – Property Investment Recommendations, where we answer the questions mentioned above and even more✨😉
If you consider investing in #Japan and want to know more about the topic, please read our article. 😊
If you have any additional questions, please feel free to contact us at any time.

Loan Calculator

Mortgage Loan Calculator

Dear our friends from overseas! ✈️

We are happy to present you our new article, which is related to Mortgage Loan✨😉

In this article, we describe mortgage loan application and introduce Mortgage Loan Calculator.

If you are considering to purchase an apartment or condo in Japan and do not have any idea about this topic, please take a minute and read our article. 😊

We hope that people who are engaged or considering moving to Japan will find the following article helpful!
If you have any questions feel free to contact us at any time.

Car Share Service in Japan.

Dear our friends from overseas! ✈️

We are happy to present you our new article, which is dedicated to review and compare of car share services in Japan✨😉

In this article, we share essential information about leading car share companies in Japan; their advantages and disadvantages.
In addition to this, we are happy to introduce new C2C car share service “Anyca” launched by DeNA corporation.

We hope that expats who live or considering moving to Japan will find the following article helpful!

If you have any questions feel free to contact us at any time.

7 Steps to Buy a House in Japan.

Dear our friends from overseas! ✈️
We are happy to present you our new article, which is the Step by Step Guide for buying a house in Japan✨😉
In this article, we describe the whole property purchase process that we divided into 7 essential steps. It is always better to have an idea about the entire process in advance.
If you are considering to buy an apartment or condo in Japan and do not have any idea about this topic, please take a minute and read our article. 😊

We hope that people who are engaged or considering moving to Japan will find the following article helpful!

8 Documents You Need To Apply For a Mortgage Loan In Japan.

Dear our friends from overseas! ✈️
We are sorry to keep you waiting.
We are happy to introduce the new blog post to you. 😉
In this article, we came up with the core documents list necessary for a property buying and approximate mortgage loan calculation.
If you are considering to buy an apartment or condo in Japan and do not have any idea about the process, please take a minute and read our article. 😊
We hope that people who are engaged or considering moving to Japan will find the following article helpful!