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Today’s property for sale features single condominium units in Tokyo’s most prestigious areas! Imagine living in the heart of Ginza where it only takes you a 8-minutes-walk to Kabukiza Theatre. Or waking up with a gorgeous view of both Tokyo Tower and Skytree. Besides single family homes and low rise apartments, high rise condominium can also be found in Japan, especially in the most easiest accessible areas of Tokyo. Below are some pickups of condominiums for sale! While some of them are still under construction, some are occupied with tenants.  They can be purchased for self-use or investment. Click to download …

Today I will be sharing some simple ways to shorten vacancy. A stylist room is definitely more attractive to tenants. Upgrading your apartment can shorten vacancy rate. However, the cost to upgrade or renovate could be expensive. Below are some ideas on how to easily and economically add value to your apartment. Wall stickers to decorate your room Instead of changing the wallpaper, consider decorating your room with stickers! This can give the room a new look and is cheap in cost. For example, allow tenants to decorate a certain side of the walls freely. (In Japan, tenants are usually …

Here is our pick up properties for sale! In this issue, we focus on newly built properties. Many of them still do not have pictures since they are still under construction. They are all equipped with popular features and most of them have security locks installed to ensure safety. Click to download full size ⇒20200421_property for sale If you have any questions, contact us on 

In a lease contract, both parties agree on the written terms and conditions and both pledges to follow these written rules. However, is a ”written contract” indeed necessary? A lease contract is effective upon mutual consent even without any written instrument Property management company A is about to sign a sublease contract on a parking lot of 10 spaces with one of their customers. It turns out that the landlord only holds the written agreement of 9 of the spaces. One of the parking spaces was passed to the landlord with an oral contract. This is referred to consensual agreement. …

Civil law in Japan was amended for the first time in 120 years and the new regulations have come to effect on April 1st 2020 (with exclusion). New regulations apply to all lease agreements ‘’signed’’ after the effective date. Keep in mind that ‘’signing date’’ and ‘’starting date’’ of a lease is different. Even if your lease starts after April 1st, if you sign your name on March 31st, the new regulations do not apply Let’s look at the changes that the amendments made in the rental market! Below are the most frequent asked questions. Will there be more or …

The COVID-19 pandemic is becoming more severe in many parts of the world. Hope everyone is staying safe. Art Avenue is taking necessary measures to prevent further spreading of the virus. Under such situation, we have received voices of concern from our valued customers and business partners regarding the operation of our company and real estate industry. Impact on the Real Estate Industry As reported on news, hotels and private lodging are experiencing a major shock. In Osaka, private lodging management company established bankruptcy as a result of COVID-19. We have also received rent reduce negotiations from a few lessee …

How is everyone dealing with high vacancy rate? Today, I will introduce some effective ways to shorten vacancy. Things to take in account when considering room vacancy measures When deciding which measure to make, take the below three points into account: Take advantage of search engine First impression during room viewing Fast-acting aid Most people use online search engines to look for apartments during the room searching process. In order to get your property appeared during the search, it is important to have qualities and equipment that match tenants’ needs.   6 Measures to Shorten Vacancy Time After getting picked …

Art Avenue will be delivering information of properties for sale regularly! Below is our recommendations in April. Click to download full size　⇒　20200404_property for sale As many of you have already known, besides property management, Art Avenue also helps our valued customers in selling properties. At the same time, we also help our customers look for properties that meet their investment plan. Don’t worry if you do not know how buying and selling works! Our sales department is here to assist you throughout the process. We have various teams that specialize in buying and selling, assessing property’s value and potential rent, …

Japan has entered a new era – Reiwa. Below are some of the major events that happened in the real estate industry.   Civil Law Amendment in Real Estate The civil law amendment in April this year is getting the spot light in the real estate industry. One of of the major changes that will take place is the regulation regarding lease guarantor.   ・An upper guarantee amount must be set for a personal lease guarantor ・In case the lessee or guarantor passed away during the lease period, the principal amount will stop during the time of death.   …the …

Many investors purchased properties in Japan with the anticipation of an optimistic growth in the real estate market driven by 2020 Olympics in Tokyo. With a few months left to 2020 Olympics, investors are curious about the value of their properties. Today, I am going to introduce the expenses that comes along with property selling in Japan. Brokerage Fee This is a fee paid to the broker who conducts the selling process on behalf of the owner. The maximum amount is stated by the real estate brokerage act. For transactions over 4,000,000JPY, the fee is as below. Final sale price …