#Japan #Tokyo #Nichiei Intech #Parking Systems #Two-Level Parking

Nichiei Intech's Innovative Parking Solution

Nichiei Intech Co., Ltd., headquartered in Tokyo's Arakawa District, has established itself as a leading name in mechanical parking systems, particularly the vertical lift type. Recently, the company announced an exciting new service geared towards newly constructed residential complexes: a full maintenance lease program specifically designed for their two-level parking systems, ideal for households that own two cars.

Background for Service Development

Mechanical parking systems require regular inspections and repairs to maintain functionality. Such maintenance costs are often sourced from repair reserves, leading to feelings of inequity among residents who do not use these facilities. Additionally, the complexity involved in managing these systems can lead to poor alignment between actual usage and maintenance needs, creating further dissatisfaction among residents. In response, Nichiei Intech has developed a system where user fees can be converted into lease payments, ensuring that those who benefit from the service also share in the maintenance costs. This approach also ensures a predictable, monthly payment that covers maintenance expenses, eliminating unexpected fees. This new plan benefits all involved parties: the business owners, management companies, and homeowners’ associations.

Rising Demand for Multiple Vehicle Households

According to the Japan Automobile Manufacturers Association's market survey from 2023, the rate of households owning multiple passenger vehicles has reached 35.7%. This number is even higher in smaller urban areas and among families in advanced stages of development. The growing number of dual-income households further drives the need for more than one vehicle per household. Particularly in rural apartment complexes, some residents have begun utilizing tandem parking arrangements.

The two-level parking system from Nichiei Intech allows cars to be stacked vertically rather than horizontally. This innovation means that two cars can be parked in the space typically designated for one. With a shorter loading and unloading time compared to conventional systems, it operates similarly to flat parking areas, offering enhanced efficiency. Thus, it proves to be an ideal option for households needing to park two vehicles while optimizing space.

Overview of the Lease Agreement

• - Target Properties: Specialized lease plans for new apartment complexes
• - Applicable Model: Two-level parking systems
• - Contracting Parties: Tri-party contract among the leasing company, homeowners’ association, and Nichiei Intech
• - Lease Duration: Set for 15 years, aligned with standard depreciation periods
• - Lease Extensions and Transfers: No extension of lease term post-completion; a complimentary transfer is available (any surplus from the recovery cost will be paid to the homeowners' association)

Note: Further contract details to be confirmed with a sales representative. A preliminary screening by the leasing company is required prior to transactions.

Structure of the Lease

Once the apartment developer finalizes the system plan, the homeowners’ association, leasing company, and Nichiei Intech will enter into a tripartite contract. Following this, Nichiei Intech will provide and install the equipment as per the outlined plan. The parking fees collected from users during the operational phase will then be allocated toward the leasing company as lease payments. The system embodies beneficiary cost-sharing, providing a sustainable funding method for maintenance.

Furthermore, necessary routine inspections and repair work during the operational phase will be undertaken by Nichiei Intech, ensuring that maintenance costs are already integrated into the lease price, with no additional fees required.

About Nichiei Intech

Nichiei Intech is a manufacturer of mechanical parking systems, offering comprehensive services from design and installation to maintenance. With production capabilities in both domestic and international factories, the company prides itself on delivering high-quality products designed with safety in mind. Moving forward, Nichiei Intech aims to leverage its robust facility standards and advanced technologies to provide high-quality products that meet customer needs and enrich their lifestyles.

Company Profile

• - Company Name: Nichiei Intech Co., Ltd.
• - Headquarters Location: 7-34-10 Nishiogu, Arakawa-ku, Tokyo 116-0011, Japan
• - CEO: Yoshitoshi Nishikawa
• - Established: April 22, 1978
• - Website: Nichiei Intech

For Inquiries

• - Contact: Mobility Business Division Sales Group, Nichiei Intech Co., Ltd.
• - Phone: 03-6479-5118 (East Japan) / 06-7175-8219 (West Japan)
• - Email: [email protected]
• - URL: Parking System