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Luke (Luke)

An abbreviation for "room cleaning" carried out when a tenant moves out.

Recourse Loans

A loan in which the debt is collected beyond the scope of the assets used as collateral, through personal guarantees, etc. So-called "secured loans" such as apartment loans are usually classified as recourse loans.

Leasing

This refers to leasing and tenant placement work to increase the occupancy rate of income-generating real estate. In a broader sense, this work also includes location trend research (marketing) and drawing up plans to increase revenue. Although it is a job similar to PM, while leasing places emphasis on intermediation work, PM places emphasis on real estate management and operation. In fact, there is a considerable amount of overlapping work, and many organizations include a leasing department within PM.

Both hands

Receiving brokerage fees for real estate transactions from both the seller or buyer (landlord or tenant). It is self-evident that a broker wants to receive both sides. However, this can also lead to brokers trying to "lock in" clients, which means sellers (landlords) miss out on trading opportunities, so be careful.

Running

Abbreviation for running costs (there is no need to abbreviate it).
The regular costs incurred in maintaining real estate. The antonym is "initial cost."
In real estate management, this refers to management fees, repair reserves, fixed asset taxes, etc.

Leaseback

Sell your home property while still living there, and then rent it from the buyer (new owner)
A sales method that allows you to continue living in the property.
In English it is called "Leaseback."

After selling, you can continue to live in your original home.
The advantage is that you can get a lump sum of money from the sale.
Be careful as problems are likely to arise regarding rental contracts and rent.

It is often confused with "reverse mortgages," but
A completely different mechanism.

Rains

Real Estate Information NetWork Systems = REINS.
A computer network system operated by the Real Estate Transaction Organization (four organizations nationwide).
A large amount of property information from member real estate companies is registered, and it is possible to freely view properties registered by other companies. Both properties for sale and rental are registered.
Real estate agencies use this site as a source of property information.

Loan special clause

A special clause that allows a buyer to cancel a sales contract if, when purchasing real estate using a loan, the buyer is unable to obtain financing according to the desired conditions as stipulated in the sales contract.
If this special clause were not added, you would have to purchase the car even if you were unable to obtain financing, which would be very inconvenient.
Same meaning as "loan covenant."
A deadline is set, such as "until a certain date," and the approval of the loan must be obtained by that date.
From the seller's perspective, it would naturally be better if this special clause was not included.

Roadside land value

The price set for the road adjacent to the land.
Based on this, inheritance tax and gift tax are calculated. It is set to be about 80% of the official land price.
This is the lowest amount among the various land valuation methods.
When considering an exit strategy for a property, if you calculate the land value based on the roadside land value, you can get a rough idea of the "minimum price at which it can be sold."

Seminar/Webinar

At Conspirit, we hold seminars and webinars as [learning content] in order to bridge the "information gap" between customers and real estate companies. Please experience the [learning content] provided by a management company that is a professional in operation and asset value maintenance.

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Individual counseling

We accept all inquiries regarding rental management, sales appraisals, and real estate. After applying, we will contact you.