”Juyo Jiko Setsumeisho” (Important Points Explanation)
What is "Juyo Jiko Setsumeisho" (Important Points Explanation)?
It is a real-estate-contract disclosure statement that contains important clauses and essential factors regarding the property, the conditions of the transactions, and the rights of a buyer or a renter. The contents of the statement is to be explained in person upon conclusion of the contract. The purpose of "Juyo Jiko Setsumeisho" is to protect the rights of a buyer or a renter and to prevent future disputes and/or trouble among the parties concerned.
The disclosure statement "Juyo Jiko Setsumeisho" contains the following:
I. Matters directly related to the residential land or building
II. Matters related to the terms and conditions of the transaction
1. Matters concerning an official depository
*Others matters that may significantly affect the interests of the parties involved will also be described and explained.
In the case of building that is subject to unit ownership (condominium buildings, apartments, etc.), the following are included:
Rights related to the building and land and matters related to the management and use of the building and land
Arrows International Realty Corp.