Key money for Japanese landlords

As a result of several new laws, STRONGLY PRO-LANDLORD has been pro-tenant in Japan's law and practice. appart hotel

Rents: In Japan, can the landlord and tenant agree freely to rents?

In Japan, rents are freely negotiated.

If they agree, for the following reasons, the rent may be adjusted

Modern luxury house in Japan

if the rent is inappropriate due to tax changes or other land or building burdens;

where the case is inappropriate due to land or construction price changes or other fluctuations due to economic fluctuations; and

Where the rent is inappropriate compared to similar nearby units.

There is a system of public housing which provides low/subsidized rent for the needy. The subsidy amount decreases if the income of the tenant goes beyond the allowable limit. However, the public housing system also offers rental units at competitive rates for rich and medium income people.

Deposits

The rental value of about five to seven months is standard. The deposit shall be as follows:

Booking fee (tetsukekin) - rent 1 month

Payment when the tenant requests an apartment and before the signing of the contract. After signing the contract, the money is included in the deposit.

Deposit of security (shikikin) - rent from 2 to 3 months

Used to cover damage or unpaid rents and fees to the apartment. It is seldom reimbursed in full (alterations to the property are one of the thorniest issues between landlords and tenants). Without interest, it is reimbursed.

Key cash (reikin) - rent for 1 to 2 months

A house owner's "gift" when contracting and not reimbursable

Advance rental - rent for 1 month

The rent should be paid before the month begins

Before a contract is signed, a guarantor is also needed. It is usually the tenant company or a rich Japanese. The guarantor is liable if the tenant can not pay the rental or room costs.

What rights have property owners and tenants in Japan, in particular as regards contract duration and expulsion?

Japan selling properties

Contracts normally last one or two years. If there are no renewals, the tenant must leave after the lease agreement expires. If the tenant intends to renew the contract, the tenant must complete the necessary procedures one month prior to the contract's expiry. The landlord may request an increase prior to the renewal of the contract. Some agents request a renewal fee equal to approximately 1 month of rent for the new contract.

If the tenant wishes to prematurely cancel the contract, the owner is notified one month in advance. The owner may charge (or ask for a gift) the rent for cancelation for a month.

On the other hand, the landlord may cancel the contract for any breach of the contract. The usual cancelation reasons include failure to pay rent and other fees (rent are usually paid via electronic money transfer), changes to the house and excessive noise. Subleasing is almost always prohibited due to space limitations.

How effective is the legal system in Japan?

Mediation is the preferred way to settle disputes in Japan. More important than justice or compensation is harmony or wa. The process of small claims is usually used for the recovery of security deposits. The formal court system reaches very few cases.

NON-PAYMENT EVICTION OF RENT

Duration until process service is completed 3

Test Duration 350

Enforcement Duration 10

Total Evict Tenant Days 363

Courts: Project Lex Mundi

Legislation

The Law on the promotion of quality rental properties has been introduced Fixed-term housing rental system. The Land and House Lease Law provides for basic matters in relation to house rent.

In order to prevent problems with the rehabilitation of the original state of private rental homes, the Ministry of Land, Infrastructure and Transportation (MLIT) created problems with the rehabilitation of the original state and guidelines. The standard rental contract and the standard rental agency and management commission contract were also established by MLIT, to prevent problems between owners and tenants.

Brief History: Recent changes in landlord and tenant law in Japan

Before implementation in 2000 of the revised Land and Housing Lease Act and the Good Quality Housing Supply Promotion Act, tenants could not be evicted without "just cause." This provision was intended to protect the family of soldiers over half a century ago during World War II. This caused serious problems for landowners and landlords who could not retrieve their property.

After the property market crash in the early 1990s, banks were filled with non-paid tenants and repossessed properties. The property was also difficult to sell due to the tenants who came with the property. Several laws were passed to facilitate the eviction of landlords to revive the housing market.