Procedural Flow of Buy and Sell

Laws Related to Real Estate Transactions in Japan

 

The flow of the procedure from purchase to registration

Application and Intention Letter

After found a property that you have the intention to buy in Japan, you must send a purchase intention letter to the seller side. In this purchase intention letter is written who, what property and how much you want to buy this property. Since this letter has a period of validity, agreement of the conditions must meet before deadline. If you have an agreement with the seller, the contract will be prepared for the purchase.
【Contract】

In roughly the guideline is the contract date, within 10 days from purchase, within one month from the settlement date of the purchase will be a guide. The contract is common to pay a deposit, 10% of the purchase price is a guide.However, the description of the always important matters prior to the contract by the Real Estate Broker has another that is defined in the Business Law.This is the description property of the detailed details, and things related to law, because it is a minutely described things related to cancellation, please check until you convince If you have questions.Received an explanation of Te, it is a contract if there is no problem. Also check the identification card of the other party, who is what to buy from, whom firmly Make sure to sell, is the seller in the contract, the buyer is signed, the contract performs a complete seal. Pay the deposit part, let’s got a receipt.

【Settlement】
Settlement and the payment of the remaining price, delivery of documents required for registration of transfer, also is the completion of the settlement conduct the erasure procedure if the mortgage is attached. All the legal documents necessary for registration of a transfer done a judicial scrivener is confirmed, I’ll see if the problem is not. Once the end Te following also the delivery of the key. After it becomes all the procedures end be performed registered in judicial scrivener is the Legal Affairs Bureau.

Flows from the purchase registration, real estate acquisition tax payment, of money of up to tax return

It is about the flow of money, but the contract will have various and takes money.

Amount for the purchase of real estate, the procedure cost to registration and license tax and judicial scrivener of when the registration of transfer, stamp duty and fire insurance put in the contract, there is a wide variety of payment such as property tax.

First of payment at the time of contract, is half the deposit and brokerage fees. Deposit 10% of the purchase price as a guide, brokerage commission entrusted half at the time of contract.

The following is a payment at the time of settlement, will most said payment at this timing. First of trading balance, daily rent of fixed assets tax to the seller. And procedures cost registration and license tax of registration of a transfer is to the judicial scrivener. Stamp to put on the contract, fire insurance, the balance of the brokerage commission will be entrusted our tail. I finished all pay the amount of the above, once constructions of payment to the contract will be all.

In addition, it is a real estate acquisition tax that occurs when you have purchased the real estate, but you will receive an invoice after about six months of registration of a transfer has been completed. This will be the only of the tax once when you have income.

It should be noted that claims of property tax you will receive the owner of the January 1 date and time point. Various payment of the above, if there is rental income is tax return at the end of the year, including its income. Above is the flow of rough money.

Flow of procedures from registration to the building management contract

If you are buying real estate for investment purposes, the Company performs the mediation of buying and selling, it is possible to entrust the subsequent operations to the building management.

If you are a building management, separately carried out a contract, do you exchange of contract.

The building management, tenant management, recruitment management, rent, also performed witnessed at the time of entry and exit from the custody of the security deposit. Also includes simple cleaning of common areas, you can increase the number of times cleaning is optional, can be a variety of requests.

If you are asked to building management, custody of a copy of the lease contract of the current tenants, performs custody of vacancy of the key, do the guidance of Onachenji. Once has been commissioned, after I simply wait until the monthly report.

Since also payment of rent done to the specified date, saves you the hassle of subsequent management.

Hire an addition to our room of building management, because tomorrow there is also a bulk leasing contract, please contact us.

Required fees and items when signing a contract

< Buyer >

Deposit (about 10% of sales price)
50% of brokerage fee
Stamp duty
Registered personal seal or signature
Identification document (drivers license, passport)
Certificate of residence (affidavit / declaration)
Seal or signature certificate

< Seller >

Title deeds
50% of brokerage fee
Stamp duty
Registered personal seal or signature
Identification document (drivers license, passport)
Notice of verification of building construction /
certificate of completion
Notice of payment of fixed assets tax
Seal or signature certificate

Required items when handing over a property

< Buyer >

Outstanding balance
50% of brokerage fee
Registration fee
Balancing payments on property tax, city planning tax, etc.
Settlement of maintenance fee and building repair fund (For apartment)

< Seller >

Title deeds
50% of brokerage fee
Registration fee
(if carrying out procedure for settlement of a mortgage, etc.)
Registered personal seal
Certificate of seal registration
Full set of keys to the property
Notice of verification of building construction /
certificate of completion

  • We might request different items, depending on your nationality/residence.