#Japan #Tokyo #Itandi #Cosmos Initia #Rental System

Introduction

In a significant leap towards digitization in the real estate sector, Itandi Co., Ltd. has teamed up with Cosmos Initia, a company managing approximately 9,600 rental properties, to implement its innovative rental housing application system, "Moushikomi Uketsuke-kun," starting from May 2025. This collaboration also includes the expansion of the electronic contract system, "Denshi Keiyaku-kun," across all managed properties of Cosmos Initia’s rental division. This initiative aims to streamline the processes of tenant applications and contract signings through digital means, enhancing efficiency in property management.

Background

The impetus for this technological advancement largely stems from the amendments made to the Real Estate Transaction Business Act on May 18, 2022, allowing non-face-to-face explanations of essential matters and enabling electronic delivery of documents related to rental agreements. This legal change has heightened the need for complete digitization within the rental business, driving the integration of Itandi's solutions into Cosmos Initia's operations.

Benefits of Itandi's Solutions

With the introduction of "Moushikomi Uketsuke-kun," the rental application process sees a significant transformation. Prospective tenants will be able to input their application information directly online, which will then be accurately linked to involved parties such as brokerage firms and rental guarantee companies. This not only simplifies the application and review procedures, but it also accelerates the entire process, allowing for swifter approvals and contract finalizations.

Additionally, by employing the "Denshi Keiyaku-kun" system across all managed properties, Cosmos Initia significantly reduces redundancies in contract data entry. After applications are approved, tenants can complete their rental agreements on the same day, facilitating a more efficient rental experience. This includes the possibility of electronic contracts for related agreements, such as rental guarantee contracts and parking contracts, providing a seamless transition into their new homes.

Technological Impact

As a company, Itandi is focused on supporting the real estate industry through technology, aiming to provide secure and user-friendly services for all stakeholders involved. The integration of digital solutions through "Moushikomi Uketsuke-kun" and "Denshi Keiyaku-kun" represents a pivotal shift in how rental processes are conducted, addressing long-standing challenges within the industry. Currently, the rental application system handles over a million digital applications annually, boasting partnerships with approximately 670 companies, demonstrating its widespread adoption and success in fostering a paperless environment in real estate transactions.

Overview of Itandi's Digital Solutions

"Moushikomi Uketsuke-kun"

• - This system is designed to efficiently relay the important application information submitted by prospective tenants to relevant parties, such as property management companies, rental agents, and guarantee providers. With a 94.5% usage rate among brokers, it has proven its effectiveness in the market, reducing paperwork and enhancing transaction speeds.

"Denshi Keiyaku-kun"

• - This system allows for the online completion of rental agreements and related contracts, such as guarantees and parking arrangements. It ensures that there is no need for postal interactions, thereby streamlining the entire process significantly. The system has been implemented by a growing number of companies, reflecting the increasing need for digital solutions in real estate.

Conclusion

The partnership between Itandi and Cosmos Initia sets a benchmark for technological integration in property management. By pushing towards a more digitized approach, these companies are not only improving operational efficiency but also enhancing the overall tenant experience, thereby reshaping the landscape of the real estate market in Japan.

For more information about Itandi’s offerings and to inquire as a real estate company, you can reach them at:

• - Phone: 03-6441-3954 (10:00-18:00, excluding weekends)
• - Website: Itandi

This remarkable collaboration represents a step forward in the real estate industry, making property management smarter and more efficient while setting the stage for future innovations.