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- Types and requirements of enforcers of business
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Types and requirements of enforcers of business
Last Updated June 1, 2023
There are seven people who can implement the land readjustment project: individuals, land readjustment associations, land readjustment companies, the Minister of Land, Infrastructure, Transport and Tourism, local governments, the Urban Renaissance Agency (UR), and local housing supply corporations. Yes, each has its own requirements.
| Enforcer | Requirements |
|---|---|
Individual (Joint) (Article 3, Paragraph 1 of the Act) |
・The right holder (owner of residential land / tenant of leased land) jointly enforces one or several people. ・The consent of all right holders is required. |
Land Readjustment Association (Article 3, Paragraph 2 of the Act) |
・Effective by a union established with the consent of at least two-thirds of the right holders, with a joint founder of seven or more right holders. ・The Land Readjustment Association is considered a corporation and will be dissolved after the project is completed. |
Land readjustment company (Article 3, Paragraph 3 of the Act) |
・A stock company with a right holder as a shareholder and shall be enforced by a company that meets all of the following requirements: ①The main purpose is to implement land readjustment projects ②Not a public company ③The right holder holds a majority of the voting rights of all shareholders. ④③The right holder and company own or lease more than 2/3 of the total land area of residential land and leased land. |
Local governments (Article 3, Paragraph 4 of the Act) |
・Implemented by local governments (prefectures or municipalities). ・Establish enforcement regulations and business plans. ・Because we can perform business only about land established as enforcement area in city planning, city planning decision is necessary. |
Urban Renaissance Agency (UR) (Article 3-2 of the Act) |
・Implemented by the Urban Renaissance Agency. ・As with the enforcement of local governments, city planning decisions are required. |
In addition to the table above, there are the enforcement of the Minister of Land, Infrastructure, Transport and Tourism (Article 3, Paragraph 5 of the Act) and the enforcement of the Local Housing Supply Corporation (Article 3-3 of the Act). In any case, approval from the Authorization Agency is required when starting a business.
Inquiries to this page
Urban Development Coordination Division, Urban Development Bureau Urban Development Department
Telephone: 045-671-2695
Telephone: 045-671-2695
Fax: 045-664-7694
Email address: tb-seibichosei@city.yokohama.lg.jp
Page ID: 460-290-382
