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 Sun shadow regulation
- 2 Brokerage agreement
- 3 Hazard map
- 4 Flag pole place
- 5 Selling price (Hanbaikakaku)
- 6 Non-delineated area
- 7 surface yield (hyomen remawari)
- 8 Scenic district
- 9 Irregular land
- 10 Real estate appraisal report
- 11 Real estate acquisition tax
- 12 Real Estate Secured Loans (Fudosan Tanpo Yuushi)
- 13 Certified copy of real estate registry
- 14 free rent
- 15 full loan
- 16 Proper loan
- 17 Property management (PM)
- 18 Bunpitsu
- 19 Floor plan
- 20 Wall core area (hekishin/kabeshin)
- 21 wall line
- 22 Floating interest rate
- 23 fire zone
- 24 legal common area
- 25 legal useful life
- 26 Summary
Sun shadow regulation
It is one of the Building Standards Laws, and is a regulation to ensure a better living environment by suppressing the shadows that occur on neighboring premises within a certain period of time, ensuring the neighborhood's sunlight, and ensuring a better living environment.
Brokerage agreement
An intermediary contract is a contract with the seller / buyer for the real estate company to "become the point of sale / purchase".
There are three types of intermediary agreements: (3) exclusive intermediary agreement, (XNUMX) exclusive intermediary agreement, and (XNUMX) general intermediary agreement.
(XNUMX) Under the exclusive full-time intermediary contract, the seller / buyer cannot sell / purchase by himself unless he / she goes through the contracted real estate company.
(XNUMX) The real estate company other than the real estate company that signed the contract will be the point of sale / purchase for the exclusive intermediary contract.
However, the seller / buyer can find the person to sell / buy by himself / herself.
③ A general intermediary contract is to enter into contracts with multiple real estate companies.
Hazard map
The damage caused by natural disasters is predicted, and the damage range is mapped and can be confirmed from the following.
Flag pole place
It is also called site extension, and refers to land where the entrance to the public road is on a narrow passage, and the site where the building is built at the back.
Selling price (Hanbaikakaku)
The sale price of real estate.
"Sale price = land price + building price + consumption tax".
However, the consumption tax only applies to the price of the building, not the price of the land.
Non-delineated area
A city planning area that is not divided into an urbanization promotion area and an urbanization control area.Areas where land use regulations may be loose and no zoning is defined are called "non-delineated white areas."
surface yield (hyomen remawari)
A figure that represents the surface profitability of the expected annual rental income divided by the purchase price of the property, and most of what is advertised is the surface yield.Since the cost of owning a condominium, such as maintenance and management costs, is not included in the calculation, when purchasing a property, calculate the actual yield by adding property tax, city planning tax, management fee, reserve fund for repairs, real estate brokerage fee, etc. You can see concrete profitability.
The surface yield is calculated by dividing the expected annual rental income by the purchase price of the property.
Scenic district
It was stipulated by the City Planning Act to maintain the beauty of the city (a good natural landscape composed of forests, waterfront areas, etc.).There are certain restrictions on things that affect the landscape, such as the construction of buildings and the felling of trees.
Irregular land
If the land is not square or rectangular, and the land is surrounded by shaped land, the appraisal value will be reduced and the taxable amount will be reduced depending on the ratio of the protruding part (shaded land ratio).The reason is that it is more likely to be subject to restrictions under the Building Standards Act and is more expensive than usual.
Real estate appraisal report
A document certifying that a real estate appraiser has determined the economic value of real estate based on the real estate appraisal law.
Real estate acquisition tax
Taxes are imposed when real estate is acquired through the purchase, donation, or construction of a house or land.It is taxed regardless of whether it is registered or not.There is a system of exemption or exemption in certain cases, such as when the property is acquired through inheritance.
Real Estate Secured Loans (Fudosan Tanpo Yuushi)
It is to obtain a loan from a bank or financial institution using real estate such as land or buildings as collateral.Depending on the value of the collateral real estate, you may be able to get a large loan even if your annual income is not high.
Certified copy of real estate registry
In the sense of a copy of a real estate registry, a real estate registry is a document that records basic information about real estate, such as the location and area of the real estate, rights relationships, and the name and address of the owner.You can obtain a certified copy of the real estate register at the Legal Affairs Bureau if it is necessary for filing a final tax return, etc.
free rent
It is a property that can be rented for free for a certain period of time, about 1 to 3 months after moving in.It is advantageous to acquire tenants by reducing the initial cost of tenants.
full loan
It is to cover 100% of the property price with loans from financial institutions.The advantage is that you can invest with less of your own funds, but there is also a disadvantage that the principal will increase and the interest will also increase.
Proper loan
It is a loan that the financial institution makes its own decisions without using a guarantee company.
Property management (PM)
It refers to the business of performing asset management related to real estate.The contents are asset management in real estate such as rent collection, property management, vacancy measures, restoration to original condition.
Bunpitsu
It is to divide the land registered as one stroke and re-register it in the land register.
Floor plan
Also called a floor plan, it is a horizontal sectional view of a building showing the floor as seen from above.
Wall core area (hekishin/kabeshin)
Also called floor area, it is the area of a building measured by the center line of the thickness of the walls and columns.The area measured by the inside dimension of the wall is called the uchi-nori area.
wall line
It is a line designated by the regulation to arrange the position of buildings in the city block and improve the environment, so that the wall of the building must be built behind the road boundary.
Floating interest rate
If the interest rate is revised every six months, the repayment amount will decrease if the interest rate goes down, and the repayment amount will increase if the interest rate goes up. There is also a rule that the upper limit of the interest rate to be done is up to 5%.
fire zone
Areas with particularly strict building restrictions to prevent fire hazards in urban areas.
legal common area
In condominiums, it refers to the parts used by all owners, such as corridors, entrance halls, rooftops, outer walls, pipes and wiring.
legal useful life
After construction, it is possible to record depreciation expenses during that period because it will depreciate economically.
The main statutory useful lives are as follows.
Detached house (wooden/synthetic resin/housing) ⇒ 22 years
Second-hand detached house (wooden/synthetic resin construction/housing that has exceeded its useful life) ⇒ 4 years
Condominium (steel-framed reinforced concrete construction, reinforced concrete construction, residential use) ⇒ 47
Wooden apartment (wooden mortar construction, residential) ⇒ 22 years
Summary
We have introduced the terminology "ha 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.
