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Business distinction and structure
Last Updated March 30, 2021
Business distinction
Urban reoccurrence projects are classified into "Type 1 Urban Redevelopment Project" and "Type 2 Urban Redevelopment Project". The purpose of the project is the same for both, but the Type 2 Urban Redevelopment Project is conducted in areas with higher public and urgency in terms of disaster prevention and safety.
Business Structure
Type 1 Urban Redevelopment Project
Funds required for urban redevelopment projects, such as the construction of new buildings (redevelopment buildings) and roads, will be financed by the sale of a part of the floor of the redevelopment building. People who owned land or buildings in the business area before conducting the business will receive a part of the floor of the redevelopment building according to these valuations (this mechanism is called rights conversion).
In addition, if you wish, you can receive compensation and move out of the district.
Source: Ministry of Land, Infrastructure, Transport and Tourism website (https://www.mlit.go.jp/toshi/city/sigaiti/toshi_urbanmainte_tk_000069.html (outside site))
A little more detailed explanation
Mechanism of Rights Conversion
Compensation for urban redevelopment projects
Capital plan for urban redevelopment projects
| Question | Answer |
|---|---|
| What happens to the land and buildings that I owned in the district before the project? | Calculate the valuation at the time of the project implementation and, in principle, acquire the floor of the redevelopment building according to the amount (acquisition of the divisional ownership of the redevelopment building) [This mechanism rights conversion, the floor to be acquired Is called a right floor]. |
| What happens to people who lived in rental housing in the district? | As a general rule, you will rent a room in the redevelopment building and live there. If you wish, you can receive the compensation required for moving, etc. and move out of the district. |
If a person who lived in the district before the project lives in a redevelopment building after the project, where do you live during the project? |
During construction, you will be living outside the district once. The rent and moving fee of the temporary residence required during this period will be paid as compensation. |
| What happens to stores operating in the district before the business? | Regardless of ownership of land or buildings, in principle, it is possible to continue business after the business (however, since it will be operating in a redevelopment building, depending on the type of business, it may not be possible to operate or business hours may change There is. |
| What are the sources of business funds required for redevelopment projects? | For the newly renovated redevelopment building, the proceeds from selling floors other than the right floor [called reserved floor] will be used for operating expenses. In some cases, subsidies from national and local governments may be available. |
| Who owns and manages the roads and parks that have been maintained in the redevelopment project? | Roads and parks are managed by the national or local governments as the owners of the land and facilities. Therefore, it is necessary to maintain a standard suitable for each facility. |
| How long does it take to complete the project? | Depending on the number of right holders and the size of the project, including pre-project study sessions and planning considerations, it may take more than 10 years to investigate, design, construction, and redevelopment buildings after the start of the project. |
Type 2 Urban Redevelopment Project
It is the same as the first-class urban redevelopment project to finance the funds necessary for the urban redevelopment project with the sale of a part of the floor of the redevelopment building.
In the Type 2 Urban Redevelopment Project, all land and buildings in the project area are once acquired by the project enforcer. If you own land or building before conducting a business, you can obtain a part of the floor of the redevelopment building that matches the amount of assets before the business if you wish. Others will move out of the district.
Business Law
Urban redevelopment projects are based on the law of the Urban Redevelopment Law. In order to protect the property of the relevant right holders, procedures for promoting the business fairly and fairly, such as requiring administrative approval at each stage of the project and registering land and buildings. Regulations for protection are stipulated by the Urban Redevelopment Law.
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: 560-779-281
