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New registration system for lease management, sublease optimization business

The government approved a bill on the 6th, including the creation of a registration system for the rental housing management business. The main contents are that the rental housing management business requires the registration of the Minister of Land, Infrastructure and Transport, and the registered rental housing management business appoints business managers, explains important matters before concluding the management contract, and segregates property. Obligatory. It also prohibits sublease companies from misrepresentation at the time of solicitation or deliberately not telling the fact, and also requires important explanations of the lease agreement with the owner before entering into a lease agreement. Sublease operators and those who seek to solicit owners are also subject to regulation.


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