Daiwa Life Next Expands Parking Subleasing to Non-Managed Condominiums

Revamping Financial Management for Condominiums

Daiwa Life Next, a member of the Daiwa House Group based in Tokyo, is on a mission to enhance the financial sustainability of condominium management bodies. They are expanding their subleasing service for parking spaces to non-managed condominiums, aiming to efficiently utilize vacant parking spots and provide financial relief to management groups.

Understanding the Context

In recent years, various societal trends have seen an increase in vacant parking spaces in condominiums. Younger generations are opting to drive less, car-sharing services are on the rise, and an increasing number of elderly individuals are voluntarily returning their driving licenses. This multi-faceted shift has led to a growing number of unused parking spots, particularly in mechanical parking systems where high maintenance costs further strain condominium budgets.

The introduction of the "Parking Subleasing" service, which began in November 2021, has already benefitted about 300 managed condominiums. Positive feedback from clients has highlighted how this service has allowed for increased income without needing to raise management fees and has funded necessary repair works that had been postponed due to budget constraints.

Service Features for Financial Improvement

Daiwa Life Next’s "Parking Subleasing" service comes with several benefits:

1. Stabilized Revenue with Fixed Rent Payments: The company leases unused parking spots from management bodies and subleases them to external users, ensuring a fixed income regardless of occupancy changes. This protects management bodies from revenue fluctuations and prevents unpaid dues.

2. Support from an Experienced Management Company: The transition to this service requires revisions of management rules and various procedural adaptations. With extensive knowledge in condominium management, Daiwa Life Next aids in the development of necessary documentation like general meeting proposals, amendments to regulations, and resident surveys, ensuring a smooth implementation.

3. Proactive Emergency Responses: When leasing to external parties, management groups often worry about potential disputes. In such cases, a specialized team familiar with the unique set of rules in condominiums operates a hotline in collaboration with a call center, providing prompt and effective assistance.

Case Study Example: Shibuya-ku, Tokyo

In a practical example, a condominium with around 150 units in Shibuya implemented the Parking Subleasing service, renting out 30 vacant spaces and generating an annual income of approximately 6 million yen. This change significantly improved their financial situation.

Contact for Inquiry

For those interested in exploring the introduction of this service, contact:
Daiwa Life Next, Inc.
Mobility Promotion Department
Phone: 050-1753-4441 (Operating Hours: 10:00 – 17:00)
Email: [email protected]

The Future Shape of Condominium Management: "MANSION NEXTYLE"

Daiwa Life Next is evolving from a conventional condominium management company into a comprehensive living support enterprise. The aim is to address individual challenges with flexibility and provide a safer, more comfortable living experience. The initiative, called "MANSION NEXTYLE", focuses on personalized services tailored to diverse values and needs, marking a substantial shift from standardized management practices.

Company Overview

Established on March 8, 1983, Daiwa Life Next offers a broad array of building management services, covering condominiums, rental apartments, commercial facilities, hotels, and more. The company strives to foster a community with a vision to create a better future, emphasizing individuality and shared values as the foundation of their client relations. They aim to contribute to a richer living experience for all stakeholders involved.

Company Information:

- Location: Akasaka 5-1-33, Minato-ku, Tokyo
- Capital: ¥1.301 billion
- CEO: Eiji Saito
- Website: Daiwa Life Next