#Japan #rental housing #Fuji City #Sweets Investment

Introduction

On July 25, a new rental housing initiative known as "Moraeru Chintai" ("rental with ownership") will be launched in Fuji City, Shizuoka Prefecture. This unique program, initiated by Sweets Investment Co. Ltd., offers individuals the chance to live in rental properties with the promise of transferring ownership of the land and buildings to the tenants after a specified period of tenancy. The program will be introduced at the Shizuoka Marugoto Migration Fair, where interested parties can visit the Sweets Investment booth for consultations about the properties and services available.

Overview of Moraeru Chintai

The system of Moraeru Chintai allows potential residents to avoid the stress of large upfront mortgage costs. Instead, individuals can move into rental homes and, after meeting certain conditions over a ten-year period, receive ownership of the land and buildings without any charge. This innovative housing option is particularly appealing to those considering relocating but feeling apprehensive about committing to a property purchase when uncertain about their new environment.

The Sweets Investment Company has previously focused on revitalizing and utilizing vacant houses, creating new value within the community. As part of its ongoing efforts, this program not only enhances living options for migrants but also promotes stable residency in Shizuoka Prefecture and especially in Fuji City.

Addressing Concerns of Migrants

In recent years, interest in rural relocation and dual-residence living has surged. However, many potential migrants express concerns such as uncertainty over whether the new area will suit them, apprehension about making immediate housing purchases, and the burdens associated with mortgage applications and initial costs. In response, the booking of rental properties allows individuals to settle gradually and assess lifestyle compatibility before fully committing.

The introductory phase of Moraeru Chintai lets newcomers start living in the region as renters and, after a tenure of ten years, potentially step into homeownership. This unique combination of renting and later owning presents a more flexible approach to establishing roots within a community.

Features of Moraeru Chintai

1. No Mortgage Required:Start living in one of the rental homes without the need to secure a mortgage, significantly reducing the psychological and financial barriers associated with home buying.

2. Free Ownership Transfer After 10 Years: If residents fulfill certain conditions and live in the property for ten years, they can transfer ownership of the land and building at no cost.

3. An Intermediate Living Option: Residents can initially enjoy the benefits of renting while deciding whether to make the property a permanent home based on their experience living there.

4. Flexibility for Personalization: Unlike typical rental agreements, this program allows tenants to personalize their spaces through minor renovations and DIY projects, making a rented house feel more like home.

5. Option for Early Departure: Tenants can choose to leave the lease, just like in standard rental agreements. There are no penalties for breaking the lease after one year, though early exits within the first year incur fees.

6. Pet-Friendly Options: Some properties allow pets, making it easier for animal lovers to consider this residential option without compromising their lifestyle.

Available Properties

The first batch of rental houses available under the Moraeru Chintai program includes three properties in Fuji City:

• - Iwamoto House:

- Location: Iwamoto, Fuji City, Shizuoka Prefecture
- Layout: 4SLDK
- Area: 110.57 sqm
- Rent: 89,000 yen/month
- Features: Recently renovated (May 2024), parking for two vehicles, pet-friendly

• - Kuwazaki House:

- Location: Kuwazaki, Fuji City, Shizuoka Prefecture
- Layout: 3LDK
- Area: 81.99 sqm
- Rent: 84,000 yen/month
- Features: Recently renovated (October 2023), parking for two vehicles, pet-friendly

• - Obuchi House:

- Location: Obuchi, Fuji City, Shizuoka Prefecture
- Layout: 4DK
- Area: 86.11 sqm
- Rent: 104,000 yen/month
- Features: Recently renovated (February 2024), parking for two vehicles, pet-friendly

Start of Tenant Recruitment

The recruitment process for this innovative rental program kicks off at the Shizuoka Marugoto Migration Fair on July 25. Anyone interested in moving to Fuji City, wanting to test the waters of living in the area before purchasing property, or looking for a dependable long-term housing solution are encouraged to visit the Sweets Investment booth for more information.

For further details, please check the Shizuoka Marugoto Migration Fair official website.