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nomu.com key terms - part of a building -

Price

The total price of the property. If consumption tax is to be levied, the price is inclusive of tax. For the purpose of display any amount less than ¥10,000 is rounded up to the nearest ¥10,000.

Location

Location of the property (address or lot number). Detailed information such as the sub-number of the lot is not disclosed in order to protect personal information. For details, please contact the respective real estate agent.

Transportation

Time required on foot from the nearest station to the property is indicated. If more than one train line or train station is available, all of this information is provided. If applicable, access by bus is also indicated together with the expected time required from the nearest train station to the closest bus stop to the property and the expected time required on foot from the bus stop to the property. The expected time required is calculated based on a walking speed of 80 meters per minute and rounded up to the nearest minute.

Layout

Floor plan

(Explanation of floor layout)

Numbers Number of rooms excluding living room, dining room, kitchen, etc
K Kitchen
D Dining room
L Living room
S Utility room

* 1R = studio apartment

Aspect (Main Opening)

Indicates direction the facade is facing.

Rights Concerning Land

Indicates type of land right. In the case of leasehold, the type of lease, leasehold period, and fees are provided.

Floor size

Either area measured from wall centerline or registered area size (net floor area which excludes wall thickness) is indicated. The total floor area of the building measured in square meter and tsubo is provided.

Balcony size

Area of balcony, if there is one. As a general rule, balcony size is not included in the floor size.

Structure type and number of floors

Main structure type and number of floors are indicated.

(Explanation of terms)

SRC Steel reinforced concrete
RC Reinforced concrete
PC Precast concrete
HPC Precast steel reinforced concrete

Floor number indicates total number of stories of the building.

Floor

Indicates the floor the property is located.

Completion date

Completion year and month of the building. If not completed yet, scheduled year and month will be indicated.

Parking space

Whether or not parking spaces are available.

(Explanation of terms)

Provided Parking space available
Not provided Parking space NOT available(non-existent or full)

* For some properties, parking space may be for sale.

Designated use of land

Uses of the land designated by the City Planning.

Leasehold fee

Leasehold fee, if applicable.

Leasehold period

Period of leasehold, if applicable.

Notification under the National Land Use Planning Act

Whether or not notification under the National Land Use Planning Act is required.

Condominium Association

Whether or not there is a property owners’ association.

Property management company

Name of the management company to which management services are being outsourced.

Management type

Types and range of services being outsourced.

(Explanation of terms)

Fully consigned All management/maintenance services are outsourced to a professional property management company.
Partly consigned Management/maintenance services are partially outsourced to a professional property management company.
Self-managed Managed by the property owners' association.

Management staff

(Explanation of terms)

Residing Staff will be stationed.
Day duty Staff will commute on a daily basis.
Patrol Staff will be on duty with regular patrols.

Management fees

Management and maintenance costs for facilities of common use.

Repair reserve fund

Besides the monthly management and maintenance fee, the amount of funds set aside for planned repairs.

Handover date

Preferred date of handover of the property.
'Immediate' handover shall be made upon receipt of full payment of the purchase price.

Public Utilities

Availability or current status of public utility services such as water supply, sewage and gas is indicated.

Present condition

Current status of property indicated as: “vacant”, “rented”, “under construction” or “currently for own use.”

Revenue

Gross revenue
(annual)
Gross revenue (annual) is calculated based on the annual income gain under full occupancy. If the property is currently fully occupied, the current income is indicated. The gross revenue (annual) is based on the current rent; thus, future rent price and expected revenue cannot be guaranteed.
Gross yield
(annual)

Gross yield (annual) is calculated based on the estimated rental value of the neighboring areas. Annual income is estimated under the condition of full occupancy and then divided by the purchase price. Unit is indicated in percentage. The Gross yield may be affected by changes in rent and the like; thus, this expected revenue cannot be guaranteed in the future.

<Calculation formula>
Gross yield (annual) =
{(estimated rent + common area charges, etc.)} x 12 months / purchase price
  • * Yield is the calculated amount prior to deducting the required costs such as taxes and public dues, common area charges, and other fees pertaining to the maintenance of the property.
  • * The above expected rent includes common area charges.
  • * In the case of sales properties, management/maintenance fee and repairs reserve fund to be paid to the property management association may be incurred.
Current revenue
(annual)
The calculated annual revenue is based on the current income from rent; thus, this current annual revenue cannot be guaranteed in the future.
Current yield
(annual)

Current yield (annual) is calculated with the annual income, based on the current income from rent divided by the purchase price (rent of vacant rooms is not included in this calculation).
Unit is indicated in percentage (%). The Current yield may be affected by changes in rent and the like; thus, this current revenue from rent cannot be guaranteed in the future.

<Calculation formula>
Current yield (annual) =
{(current rent + common area charges, etc.)} x 12 months / purchase price
  • * Yield is the calculated amount prior to deducting the required costs such as taxes and public dues, common area charges, and other fees pertaining to the maintenance of the property.
  • * The above current rent includes common area charges.
  • * In the case of sales properties, management/maintenance fee and repairs reserve fund to be paid to the property management association may be incurred.
Guarantee money, etc. Guarantee money is indicated when applicable.

Remarks

Other conditions and requirements including legal restrictions, special remarks and current status, such as the status of facilities.

Transaction Type

Type of transaction for the property

(Explanation of terms)

Broker A type of contract agreed upon when the selling or renting of real estate properties are entrusted to a real estate agency.
Seller The real estate agent who is the advertiser, purchases the property (land or building) and also sells.
Agent A type of contract agreed upon when the selling or renting of a real estate property are entrusted to a real estate agency. The agent is able to sign a contract on behalf of the seller.
Distributor Consigned by the seller to sell a real estate property.