Japan - utopialand/Utopia GitHub Wiki
View JAPAN on Wikipedia
Capital: Tokyo
Official: Japanese
|
" Office of the Prime Minister
Shinzō Abe
Prime Minister
Website: http://japan.kantei.go.jp/index.html
Address: 1-6-1 Nagata-cho, Chiyoda-ku, Tokyo 100-8968
"
" Cabinet Secretariat
Telephone: +81-3-5253-2111
Website: http://www.cas.go.jp/
Address: 1-6-1 Nagata-cho, Chiyoda-ku, Tokyo 100-8968
"
" Ministry of Land, Infrastructure, Transport and Tourism
Telephone: +81-3-5253-8111
Website: http://www.mlit.go.jp/en/index.html
Address: 2-1-3 Kasumigaseki, Chiyoda-ku, Tokyo 100-8918
"
Japan Copyright Office (JCO) Agency for Cultural Affairs Ministry of Education, Culture, Sports, Science and Technology (MEXT)
Mr. Toshiya Naito Director General
Mr. Yoshiaki Ishida Director, Office for International Copyrights, Copyright Division
E-mail address: [email protected] Telephone: (81 3) 6734 3141 Web site address: http://www.bunka.go.jp/ Address: 3-2-2, Kasumigaseki Chiyoda-Ward Tokyo 100-8959
Ministry of Internal Affairs and Communications
Email address: [email protected] Telephone: +81-3-5273-2020 ''switchboard operator'' Address: 19-1, Wakamatsu-cho, Shinjuku-ku, Tokyo 162-8668
The biggest concern everyone has when selling a property is “how much is my home worth?”
An assessment of the property’s value is the first step in selling your property. We will suggest an appropriate market price for your property by taking into consideration the living environment, the neighborhood, similar properties in the area, market trends, and any other factors that may affect the price.
When you sell a property in Japan miscellaneous costs will arise, such as commissions and taxes. Your net profit is calculated by deducting the miscellaneous fees and taxes from the sales price. You can ask your real estate agent for the total amount of miscellaneous costs and fees, and check with your local tax office to find out about the taxes incurred.
| Taxes | Stamp Duty | Document stamp tax required for the contract. |
|---|---|---|
| Income tax ・ Residential tax | From the profit of the sales. | |
| Agent commission | 3% of the sales price + 60,000 yen + consumption tax in accordance with property transaction regulations. | |
| Registration costs (A/N) |
Disposition of mortgage fee | Required if your mortgage has not been paid off. Approximately 15,000 yen per mortgage. |
| Commission for the Legal Scrivener | ||
| Other Costs | Surveyor’s commission (A/N) | The fee for land surveying to determine the boundary points. |
| Moving Costs | ||
Once a selling price agreed upon and set, you will need to request that the property be put on sale and to make a binding mediation agreement with an agent(s) who will act as an intermediary to sell your property.
There are three types of mediation contracts: "non-exclusive agency listing", "exclusive agency listing", and "completely exclusive agency listing"
| Listing agent / Effective period | Selling to a buyer whom the seller finds on his own | Registration of the property to *REINS | Reporting client responses | |
|---|---|---|---|---|
| Non-Exclusive | Multiple agents / 3 months |
Acceptable | Optional | Not required |
| Exclusive | 1 agent only / 3 months |
Acceptable | Register within 7 days of signing the mediation contract | At least once every 2 weeks |
| Completely Exclusive | 1 agent only / 3 months |
Not acceptable | Register within 5 days of signing the mediation contract | More than once a week |
* REINS: Real Estate Information Network System designated by MLIT (Ministry of Land, Infrastructure, Transport and Tourism).
| Advantages | Disadvantages | |
|---|---|---|
| Non-Exclusive |
|
|
| Exclusive |
|
|
| Completely Exclusive |
|
|
When a buyer is found, you’ll receive an “offer to purchase” or “application form” from your real estate agent. This form will state the buyer’s desired price, schedule for signing the contract, payment method, desired hand-over schedule, and other conditions.
Once the seller and the buyer reach an agreement, a sales contract will be drafted stating the agreed upon sell price, payment method and other agreements.
The seller needs to disclose the condition of the property when preparing the real estate sales contract. It is essential that the present condition of the property is clearly and properly explained to the buyer to avoid any trouble during the selling process. It is required that the property is handed over to the buyer in the condition that was disclosed to the buyer in the contract.
- Any leakage or damage caused by termites or the surrounding environment will be disclosed in “the Confirmation Note of Inspection of the Premise”.
- Any defects or malfunctions of equipment included in the property such as the kitchen, bathroom, air conditioning, water heaters, etc. will be disclosed in the “List of Facilities”.
Please check with and ask for clarification from the real estate agent if you have any questions.
- Registration certificate
- Jitsuin Officially registered seal(If a foreigner doesn't have one, one can substitute with registered signature.)
- Original copy of seal registration certificate (issued within 3 months)
- Stamp Duty
- Photocopy of ID such as you passport and driver's license
- List of facilities
- Confirmation Note of Inspection of the Premise
The property will be delivered once the remaining balance is settled. The seller needs to make sure that the property will be ready to be handed over to the buyer by the balance settlement day.
Please make sure to confirm the borders between surrounding properties, to move out, to clear any unnecessary items from the premise, and to settle any utilities fees by then.
1. A final check of the property will be conducted on the premises in the presence of both the seller and the buyer.
2. A judicial scrivener checks all the necessary documents to apply for the “registration of ownership transfer”.
- If there is an existing mortgage such as a housing loan, it is necessary to arrange to pay off the mortgage in a lump sum prior to the balance settlement day.
4. Settling fixed asset taxes and any property management fees (in case the property is an apartment).
- The seller is responsible for payments up to the day of delivery. Starting on the delivery day, the buyer will be responsible for paying the prorated amount for the remainder of the month.
- Both parties must sign “the delivery confirmation” note and exchange copies, confirming that the process of the closing of the sales contract is complete. At this time, the management regulations of the apartment, a brochure from the developer at the initial sales, instruction manuals for equipment included such as air conditioning, water heater, kitchen stove, etc. will be handed over to the buyer.
- Registration certificate
- Jitsuin Officially registered seal(If a foreigner doesn't have one, one can substitute with registered signature.)
- Original copy of seal registration certificate (issued within 3 months)
- Tax certificate
- Agent commission
- Registration fee (Registration of change of residence, registration of mortgage disposition if needed)
- Keys for the property
- Other documents (Management regulations, manuals for the equipment, etc.)
NATIONAL LAND USE PLANNING ACT
Source: https://www.edutrips.com/japan/