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2020’s Major Events and Real Estate Trend – Civil Law Amendment, digital innovation, etc…

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 …

OYO Life – New Style of Renting in Japan

Renting a room in Japan could be time-consuming and frustrating sometimes. The rental process of room-searching to actually moving-in could take as long as a month in most cases. To make the rental process more convenient, OYO Life has launched its business in Japan in 2019. Hassle-free Rental OYO Life provides furnished-rooms with a hassle-free rental process. As some of you may have already known, OYO Life was first established in India in 2013 and later in China in 2017. Up to date, OYO Life is operating 450,000 units around the world including Japan. While conditions might differ among countries, in …