Request for materials/inquiries Free real estate individual

Learn real estate management

ka line

Warranty against defects

Following the revision of the Civil Code in April 2020, this was revised to "liability for non-conformity with contract."
For more information, please see "Liability for non-compliance with contract"


Pipes and Stacks

This refers to the "management fee" and "repair reserve fund" in condominium ownership. This term was coined to refer to the two together, as they are often treated as a set of monthly costs. The general system is for the building management company to collect the fees monthly via direct debit.


Management company

There are two types of management companies: building management companies and rental management companies. They are often collectively referred to as "management companies," so it can be difficult to tell them apart, but they are completely different.


Management General Meeting

A meeting held by the management association, to which the condominium owners belong, to decide important matters concerning building management.
Apart from the extraordinary general meeting, a regular general meeting is convened once a year. If the management association were a company, the management general meeting would be like a general meeting of shareholders.
There are rarely any attendees at the general management meetings for income-generating properties, and in many cases only the person in charge from the building management company and the chairman of the board are in attendance.
A forum where decisions are made on whether to pass or reject proposals based on the exercise of each owner's voting rights.


One hand

This refers to receiving brokerage fees in real estate transactions from either the seller or buyer (landlord or tenant).
In this case, the "hand" does not mean Hand, but the "hand" of the fee.
Sometimes it is written as "Ware", but this can be interpreted as the same as "Katate". The term "Tsuyū" corresponds to "Katate".



In order to prioritize their own profits and to have "two hands," real estate agents intentionally conceal cases that they have been entrusted with as exclusive agents or agents from the seller (landlord). This hampers the opportunity for other real estate agents to find buyers (tenants), and goes against the interests of the seller (landlord), making it a violation. Specifically, when an agent sees REINs and makes an inquiry, they turn them down, saying that "an application has already been made." This is a pretty nasty act.


Curve Appeal

This is the term used to describe the "first impression of the exterior of a building." A curve is a sidewalk curb, and refers to the impression the building gives from the road. This includes the exterior structure, gates, and entrances, and this impression is very important when giving a viewing tour. It is not intended to highlight corners or baseball curves. Example: "That property has plenty of curb appeal."


Cash flow

This is the type of payment method that a real estate company receives when conducting an intermediary transaction (whether for a sale or rental).
When compensation is received from only one of the parties, either seller-buyer or landlord-tenant, it is called ``one-handed''.
In contrast, receiving rewards from both parties in a transaction is called "double-handed."
Naturally, the middleman is happy with "both hands" because it simply doubles his profits.
One of the reasons why clients want to obtain "exclusive agency" or "sole agency" is that
This is also because it can easily be used with both hands depending on the control.



Capital gains: Profits obtained from an increase in the value of owned assets.
It is often used in the sense of "speculative." It is also one of the purposes for which overseas investors own shares.
The antonym is "income gain." Example: "It's a good location to buy for capital gain."



Abbreviation for Capital Expenditure. Literally "capital expenditure" or "equipment investment." In real estate management, it is difficult to determine whether something is a "repair expense" or a "capital expenditure." Expenditures to improve the value of a property are considered "capital expenditures" and are treated as "depreciation" recorded as an asset rather than as repair expenses. Be careful not to confuse this with OPEX. It can cause a loss of cash on hand.



This refers to a joint security that is attached to the conditions of a bank loan.
When purchasing a property, if the property itself does not provide sufficient collateral, a security interest can be established on another property to make it easier to obtain the loan or to increase the loan amount.


Kinren (close alliance)

An abbreviation for "emergency contact" used in the rental industry. It is required when applying for a tenancy. Example: "I can't get in touch with the person in question, so please contact the emergency services."



When a real estate agent says "gross, gross," they are generally referring to the property price.
Purchase costs are often not included.


Liability for non-conformity of contract

Due to the revision of the Civil Code in April 2020, the previous "warranty liability for defects" was revised.
Under the "warranty of defects" law, the seller was held responsible if there was a "hidden defect" in the subject matter of the sale, but the amendment has changed it to state that the seller is held responsible if the defect "does not conform to the purpose of the contract."

It is also possible to request a substitute, a complete item, or a reduction in the price, and the buyer's rights are broader than those of the "warranty of defects."



When used by real estate agents, it refers to the date on which the loan from the bank is executed. In other words, it is the date on which the property is handed over.
The transfer registration will be completed on the same day.


Inspection completed

When referring to an "inspection certificate," businesses often refer to it as "kenzumi" as if it were a matter of course.
This document is given to the building owner by the building official when the construction work passes the "construction completion inspection" that is conducted upon completion of the construction work.
When applying for a loan for a condominium, one of the requirements for handling the matter is that the property has been inspected.
On the other hand, I think there are many sales representatives who have come across a property that has not been ``inspected'' and thought, ``Seriously...!?''



An abbreviation for "restoration work to original condition." It is relatively popular within Conspirito, but it is unclear whether it is a common term. In the case of "restoration costs to original condition," it is written as "original restoration costs." Be careful as it is often mistakenly written as "current condition."


Building volume

As the name suggests, this word combines the terms "building coverage ratio" and "floor area ratio." "Building coverage ratio" and "floor area ratio" are explained in their own terms.


Fixed and metropolitan taxes

This is the abbreviation for the set of fixed asset tax and city planning tax. Since they are collected as a set, this abbreviation is often used.
In principle, all land and buildings are subject to fixed property tax, while city planning tax is subject to land and buildings within "urbanization areas."
In the case of income-generating properties, since they are definitely built within "urbanized areas", payment is mandatory.


At Conspirit, we hold seminars and webinars as [learning content] in order to bridge the "information gap" between customers and real estate companies. Please experience the [learning content] provided by a management company that is a professional in operation and asset value maintenance.

free real estate
Individual counseling

We accept all inquiries regarding rental management, sales appraisals, and real estate. After applying, we will contact you.

Regarding real estate management and real estate investment
For inquiries, please click here