Property Investment

Various costs for acquisition

  • 購入にかかるVarious costs 一覧
Item
Purpose Item content Explanation
(typically)
Payment Period
(typically)

Acquisition

Contract Stamp Duty The stamp duty sticker has to be glued on to the sale and purchase agreement. contract date
Registration Registration and License Taxes Taxes that are applicable on the registration day date of settlement
Judicial Scrivener's Fee Compensation paid to judicial clerk for registering the real estate transaction. Request Time
Loan Loan Fees Commission paid to financial institutions (different financial institutions) When signing the loan agreements
Stamp Duty Loan stamp duty sticker has to be glued on to the purchase agreement (The Stamp Duty depends on the loan amount) When signing the loan agreements
Loan Guarantee Fee This fee is payable if a assurance company is chosen instead of a co-signer   
Group Trust Life Insurance Premium The life insurance premium is payable if a home loan is used for financing (in case a bank loan is used, the insurance premium is already included in the interest payments)    
Fire Insurance Premium This insurance covers the building in case a home loan is used. (This insurance premium differs by financial institution)    
Intermediary Real Estate Agent Commission Brokerage Commission paid to the Real Estate Agency (See below) Contract date & settlement date
Taxes Real Estate Acquisition Tax Local tax that has to be paid when land / buildings are acquired a few months after the registration
Taxes Gift Tax The gift tax has to be paid at the time the gift is received  
Taxes  Property Tax & City Planning Tax The settlement of the annual property tax payable after the transfer day based on the proportional per-diem rate When handing over the property to the new owner
Others Management Fees and other Settlement Charges In case of a condominium acquisition, the settlement of the monthly management fee payable after the transfer day based on the proportional per-diem rate When handing over the property to the new owner
Charges In case of a residential building acquisition, the new owner is obligated to pay a water supply charge When handing over the property to the new owner