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Unlock the Potential of Chiba Prefecture: A Unique Investment in Japan’s Booming Nature Tourism Industry
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A guide for foreigners buying real estate in Japan.
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Repair Reserve Fund Fees
Repair Reserve Fund Fees(修繕積立金) is a long-term reserve set aside to cover the costs of maintaining and repairing buildings, like apartments or condominiums. It ensures there are funds available when large-scale repairs or maintenance due to aging are needed. Each owner contributes a fixed monthly amount to this fund, and the amount can vary depending on the property and management association. This fund is essential for maintaining the long-term value and safety of the building.
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