Real estate registration is a system that publicly records information about the ownership and rights of real estate. This procedure is conducted when land or buildings are bought, sold, inherited, or when an address change occurs. Below are some key points regarding real estate registration. ■Purpose of Real Estate Registration■ The purpose of real estate registration is to publicly disclose...
September 2024
■ Fire Insurance■ Fire insurance is recommended for all property owners. It covers damage to buildings and household belongings caused by fires and natural disasters. Since fire risks exist, this insurance is generally considered essential. Point: Premiums vary depending on the property's location and building structure. Areas prone to natural disasters or wooden structures tend to have...
When you buy a condominium, there are ongoing monthly costs beyond just repaying your mortgage. These include "management fees" and "repair reserve funds." It's important to fully understand these fees before making a purchase. In this blog post, we'll provide a detailed explanation of these costs, which you'll continue to pay even after buying your condo. ■(1) Ongoing Costs After Purchasing a...