What exactly are owners’ associations and management companies? When you buy a house things are simple. The building and the land are yours to do with as you please. However, when you buy a unit in a building, things get more complicated. If buying a unit in a larger building, you decide what to do [...]
Imagine that you have just bought investment real estate, a condominium, in Ginza. The condo looks down on the beautiful Imperial Palace, built in the 17th century, and there are parks and East Higashi-Gyoen Garden nearby. This area is prime real estate, so you know that, once tenanted, the condo will rent for an astronomical [...]