Japanese property system

The seller should prepare the documents below.

1. A certificate of seal impression
2. A certificate of evaluation for fixed asset tax
3. Information for registration identification

Regarding other documents, such as the cadastral map, parcel area survey drawing and so on, relate to the real property, the estate agent in charge should prepare and check.
In Japan, an estate agent prepares many conveyancing documents.

1. A certificate of seal impression
(Inkan Shomeisho 印鑑証明書 in Japanese)

Time for preparation: Less than 1 day.
Cost: 300 Japanese Yen (At the desk of the local council).
Place to go: The local council where the sellers register their residential addresses.

2. A certificate of evaluation for fixed asset tax
(Koteisisan Hyoka Shomeisho 固定資産評価証明書 in Japanese).

Time for preparation: Less than 1 day.
Cost: 400 Japanese Yen per one land and one building
(It might differ from a council.).
Place to go: The local tax office which charges on the real property.

3. Information for registration identification
(Touki Shikibetsu Jyoho 登記識別情報 in Japanese)

It is a Title Deed which proves a person is a legal holder of a registered right. Under the current system, it is a 12-digit PIN code but before March, 2005, it was issued with stamp from a legal Affairs Bureau and it is still valid. It is a piece of paper but a lawyer normally files it with other relevant documents.

Most nations follow one of two main legal systems and Japan based its Civil Code. The information recorded on a title is legally assumed to be correct and is the best evidence of ownership. The Japanese treatment of land and buildings differs from that of most Western countries, where a building and the land it occupies form one estate. The Japanese law of property treats the land and any building on it as separate estates, subject to separate systems of registration.

I hope the information is useful.
I will update every Monday.

For more information
Japanese business start-up consultant
Shihoshoshi Lawyer
(Judicial Scrivener)
Akiko HORI

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