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Introduction
Link Realty Co., Ltd. is a real estate brokerage firm based in Osaka.
If you are looking for real estate in Osaka or the Kansai region,
please contact us.
Our company is located in the Tenjinbashisuji Shopping Street, famous as the longest shopping arcade in Japan, and it is a 1-minute walk from Tenma Station, one stop from the Osaka Station (Umekita area), due to open in March 2023.
Tenjinbashisuji Shopping Street is a 2.6-km long, north-to-south street lined with approximately 600 stores. Nearby are the Tenma Market, Osaka Tenmangu Shrine, and Osaka Castle,where you can enjoy the traditional Osaka of old.
New Real Estate
How To Buy
The general process for purchasing real estate in Japan is as follows.
Make an inquiry and obtain property information
First request us for property information. If you find a property that interests you, please contact us to view the property or to raise any questions.
(For a property viewing, prior reservations are required, so please contact us in advance.)
Please note that we do not reimburse expenses (including airfare) incurred during the purchase process.
Please understand that while you are on your way to Osaka to view a property, an offer to purchase that property may have been made by another party.
View the property
Please come to our office at the agreed time. We will accompany you and show you around the property you requested to view.
We cannot show you around properties that are already under negotiation or under contract.
Submission of Letter of Intent (LOI)
If you decide to purchase a property after viewing, the next step is to submit a “Letter of Intent” (LOI).The LOI is a non-binding letter indicating interest in purchasing a property, as well as stating the anticipated property value, payment procedures, and other conditions.
LOIs can be submitted by hand delivery, airmail, email, or fax.
Please note that the seller reserves the right to reject the LOI or terminate negotiations if agreement cannot be reached on any of the proposed terms.
As soon as agreement is reached, contract preparations get underway.
Enter into a purchase contract
If both parties agree to the contract, we will prepare and send you all the contract documents (in Japanese only) so that you can confirm the terms and conditions in advance.
To finalize the contract, please come to our office and sign the purchase contract document.Our company or an appointed agent will explain the terms and conditions of the contract in Japanese.(This procedure is subject to the restrictions of the Real Estate Brokerage Act in Japan)
You are required to arrange a deposit and also pay the stamp tax and half of the broker’s commission at the time of entering into the purchase contract.
Administration Language
All documents related to the contract will be prepared in Japanese only, but an oral interpretation can be provided if required (for an additional fee).
If you need written clarification in your native language, hire a translator to translate the contract documents or a summary on your behalf.
We recommend hiring a translator/reviewer.We can introduce you to translation/interpretation companies.
Settlement and registration
At the time of settlement, payment of the remaining balance after deducting the deposit is required.
ayment must be made in a lump sum in cash at our office or by bank transfer in Japanese yen by the noon of the settlement date.
At this time, we also request payment of the brokerage fee balance, the registration fee, and the fixed property tax settlement.
To finalize the transaction, please come to our office for a closing meeting.
If you are unable to come in person, please consult with us in advance as you may need to prepare additional documents in advance.
We will start by confirming your payment and issuing a receipt, and then review all documents related to the transfer of ownership and handling of keys.
Immediately after the transaction is finalized, the transfer of ownership must be registered at the Legal Affairs Bureau.
Report to the Minister of Finance in accordance with the Foreign Exchange and Foreign Trade Act
The Foreign Exchange and Foreign Trade Act states that non-residents are obliged to notify the relevant authorities when they acquire real estate in Japan.
Under this Act, foreign purchasers of real estate are treated as non-residents in principle and are subject to reporting obligations,
places of business in Japan” and “those who have been resident in Japan for more than six months.”
Reports on real estate acquisitions, as required of foreign residents, are made to the Minister of Finance via the Bank of Japan.
Also note that although it is acceptable to report after the fact, there is a deadline of 20 days from the date of acquisition of the real estate.
Post-purchase Procedures
- Receipt of real estate title deed
- Utilities (procedures for use of electricity, gas, water, etc.)
- Set up a tax payment administrator
- Tax return(for investments)
Consult
Consult Us About Real Estate
In addition to sales and purchases, we also provide consultation related to a variety of other real estate matters for our clients.
Consultation is free of charge, so please do not hesitate to contact us.
Apartments, land, detached houses, stores, buildings, land with leasehold interest, land leasehold rights, renovations, lease management, investment properties
Please feel free to contact us.
We have property managers and real estate consulting masters on our staff.