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Clients' Needs vs. Market Trends:
A meeting to discuss investment opportunities according to the clients' needs and goals. Enplus Leasing Consultants will explain the current market trends and procedure to purchase properties in Tokyo.
Arrange Property Tours:
View sample properties to get a feel for the market and Tokyo in general. Properties will be recommended by Enplus according the client's needs.
Letter of Intent:
Once a certain property is of interest, a ‘Letter of Intent’ will need to be signed to start negotiations. This letter is to show the owner that the property is under consideration for purchase and will also give us priority for the negotiations.
* Cancellations at this stage do not attract any cancellation fees or penalties.
Calculate the Total Cost:
Apart from property price, other costs such as Stamp Duty, Registration Fee for government, Fire Insurance, Registration Tax and fee for Judicial scrivener etc. will be estimated.
*Certain fees can only be determined after the contract is signed.
Contract Signing & Deposit:
Once the two parties have agreed on a final price and conditions of sale (date of delivery etc), the Buyer and the owner will exchange a final contract. ** Client will be required to sign the contract in person. ** Deposit (10% of property price) and the first half of the agent fee will be required upon contract.
Deposit (Non Refundable):
Usually 10 % of the property price is required as the first deposit. The Buyer can cancel the contract with release of deposit. If the Seller cancels the contract after the 10% deposit is submitted from the buyer, the seller is required to pay double (20% of property price) to cancel.
Agent fee = Property Price x 3.15% + 63,000 JPY (Tax included)
First half of the total Agent fee is required upon contract and 2nd half upon delivery.
Register your overseas address with Japanese Government:
Special Requirements for Non-Japanese upon registering ownership. To Register for the Buyers' new ownership to the Government, a formal statement that confirms your overseas address is required. The official statement varies on the Buyers' address. Enplus will provide the necessary information accordingly.
The final step in your purchase:
The remaining balance of the property and second half of the agent fee will be required to finalize the purchase. The owner will then present the property ownership documentation to the Buyer. We then officially register the Buyer as the new owner to secure ownership.
Upon delivery, the Buyer generally must be there in person to sign the documents. If the Buyer must assign Enplus or a third party to sign on the Buyers' behalf, special arrangements will be required.
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