Terminology that you encounter for the first time when you start real estate investment.There are a lot of kanji and English horizontal characters.There are many similar words, and I think that many people are confused at first because they do not know what they are.From this time, I would like to explain the terminology related to real estate investment in several parts.Please click the word you are interested in from the table of contents.
table of contents
- 1 Introspection
- 2 Interior (not likely)
- 3 Long press (Nageshi)
- 4 Live discharge (Namahoryu)
- 5 Rope lengthening (rope stretching), rope shrinking (rope shrinking)
- 6 Nando
- 7 Item 2 Road
- 8 double ceiling
- 9 Double floor construction method
- 10 two-way road
- 11 Japanese Housing Performance Indication Standards
- 12 Voluntary provision
- 13 Voluntary sale (ninbaikyaku)
- 14 Nuki
- 15 Cloth foundation (Nunokiso)
- 16 wet edge
- 17 Net Yield (Soggy Around)
- 18 Agricultural land conversion
- 19 Total floor area
- 20 Norimen
- 21 non-bank
- 22 Non-recourse loan
- 23 Summary
Introspection
It is an indoor tour.It is also called private viewing by actually seeing and confirming the room of the real estate.
Interior (not likely)
Equipment such as floors, ceilings, walls, fittings, and lighting in the interior of a building.
Long press (Nageshi)
It is a decorative material attached to the side of a pillar or the upper part of a lintel.Depending on the mounting position, it is called ceiling long press, inner method long press, etc.
Live discharge (Namahoryu)
In the sewage treatment area, wastewater does not need to be purified in the septic tank of each dwelling unit, so it can be discharged to sewage pipes and public sewers.This is called live release in the real estate industry.
Rope lengthening (rope stretching), rope shrinking (rope shrinking)
The actual land area is smaller or larger than the land area recorded in the land registry.Its roots can be traced back to the land survey in the Edo period.
Nando
It refers to a space that does not meet the standards for a living room under the Building Standards Act and is not a living room due to the floor plan.Living room standards require clearing standards for lighting and ventilation.
Item 2 Road
It is "what is regarded as a road" according to Article 42, Paragraph 2 of the Building Standards Act.A road with a width of less than 4m, a building that was actually lined up on that road when the Building Standards Act was applied, and a road that was designated by a specific administrative agency (governor or mayor) as a relief measure. By satisfying this, in principle, even if the width is less than 4m, it can be considered a "deemed road" under the Building Standards Act.
However, please note that there is a restriction (setback) that no building can be built within 2m from the road centerline for the land facing the road.
double ceiling
It is a structure in which ceiling boards are attached above and below a space, instead of directly attaching the ceiling to concrete.Double ceilings are more labor-intensive and costly to construct than direct ceilings, but they differ from direct ceilings in that they offer a high degree of freedom during renovations.
Double floor construction method
This is a construction method that takes up space in the same way as a double ceiling, and doubles the floorboards for the purpose of anti-vibration, sound insulation, and heat insulation.
two-way road
The site is adjacent to two or more separate roads.
Japanese Housing Performance Indication Standards
It is a standard regarding the display of housing performance established by the Minister of Land, Infrastructure, Transport and Tourism based on the Act on Promotion of Housing Quality Assurance.In the housing performance indication system, items are ranked according to "grades", making it possible to objectively determine the performance of a house.
Voluntary provision
A provision that the parties may choose not to apply.Provisions that are compulsorily applied regardless of the will of the parties are called “mandatory provisions”.
Voluntary sale (ninbaikyaku)
It is a method of selling the real estate with the agreement of the financial institution if the outstanding debt remains even after the sale if the loan cannot be repaid.
Nuki
It is a material that reinforces the frame in a wooden building, and in the case of an earthen wall, it serves as a foundation and enhances the strength of the pillar.
Cloth foundation (Nunokiso)
It is a foundation made of reinforced concrete with an inverted T-shaped cross section that is continuously installed like a partition around the outer periphery, partition walls, and around the bathroom.On the other hand, not only the foundation but also the entire bottom plate is made of concrete, and the load of the house is received by the entire bottom plate and supported by the surface is called a mat foundation.
wet edge
A porch outside a building that is exposed to the rain because it has no roof or walls.
Net Yield (Soggy Around)
This is the yield calculated by deducting the expenses required for rental management.
(annual rental income - annual expenses) / real estate price x 100
Agricultural land conversion
In principle, the permission of the Minister of Agriculture, Forestry and Fisheries or the prefectural governor is required for the conversion of agricultural land in order to adjust land use and secure good agricultural land by converting agricultural land to non-agricultural land such as residential areas, shops, roads, and parking lots. It stipulates thatAlso, if the land category on the certified copy is "field" or "field", you need to follow the procedure and be careful.
Total floor area
It is the same as the building area, and it is the sum of all the floor areas of each floor of the building calculated based on the center of the wall or pillar.Lofts and balconies not included.
Norimen
It is an artificial slope made by cutting and filling formed by mountain excavation and filling.
non-bank
Financial institutions that do not accept deposits and specialize in credit business such as lending money directly.
Non-recourse loan
A loan whose repayment source is solely cash flow generated from specific assets held by the borrower.In general loans, repayment can be sought retroactively to the debtor's assets other than the collateral property, but in the case of a non-recourse loan, there is an advantage that the scope of liability can be limited because the claim cannot be collected other than the assets. there is.On the other hand, the disadvantages are often strict conditions such as high interest rates and short loan periods.
Summary
We have introduced the terminology "na line" related to real estate investment.
At Rich Road Co., Ltd., we will consistently support all aspects of investment real estate, from complete beginners to experienced people, from a wide range of real estate selection, loan consultations, post-purchase management, and renovations.
