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Word of the Day - January 20, 2018

Naiken – 内見 – Real Estate Japan’s Word of the Day

Naiken 内見, ないけん English definition: Room view The room view or walkthrough is when a potential buyer or tenant actually views the property and asks the agent any questions they may have about it. A room view can also be called... More

Word of the Day - January 19, 2019

Oidaki -追いだき – Real Estate Japan’s Word of the Day

Oidaki 追いだき English definition: Re-heat bath water Many mid-market to high-end bathroom units in Japan have a function called oidaki, which allows you to re-heat the water in your bathtub to your desired temperature. The oidaki function is usually powered by gas... More

Word of the Day - January 18, 2019

Atama-Kin – 頭金 – Real Estate Japan’s Word of the Day

Atama-Kin 頭金 English definition: Down payment Good to know In Japan, most buyers put down about 20% of the purchase price when they are buying a property, but this can of course vary depending on the financing conditions determined by... More

Word of the Day - January 17, 2019

Genjyou Kaifuku – 原状回復 – Real Estate Japan’s Word of the Day

Genjyou Kaifuku 原状回復 English definition: Restoration to original condition In Japan, this is the basic standard that landlords hold properties to when a tenant vacates a property. By law, the lessee (tenant) is financially responsible for restoring the property to... More

Word of the Day - January 16, 2019

Koushin-ryou – 更新料 – Real Estate Japan’s Word of the Day

Koushin-ryou 更新料 English definition: Renewal fee for a lease. In Japan, a lease renewal fee is sometimes included in a rental contract. This obligates the tenant to pay a fee in order to extend (renew) the leasing agreement. Regular leases in Japan... More

Word of the Day - January 15, 2019

Heibei – 平米 – Real Estate Japan’s Word of the Day

Heibei 平米 English definition: A heibei is a unit of measurement equal to one square meter. In Japanese real estate the size of a property is often described in terms of heibei rather than square meters or square feet. One heibei =... More

Word of the Day - January 14, 2019

MLIT – Kokudo-Koutsu-Shou – 国土交通省 – Real Estate Japan’s Word of the Day

MLIT – Kokudo-Koutsu-Shou 国土交通省 English definition: Ministry of Land, Infrastructure, Transport and Tourism (MLIT) The MLIT is the Ministry that regulates the real estate industry in Japan. Good to know The kanji 省 is read “shou” and means Ministry. Relevant Links and... More