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- Basic knowledge of the sale of the entire condominium (sale of site)
Here's the text.
Basic knowledge of the sale of the entire condominium (sale of site)
If you are considering dismantling or selling an aging condominium, please see here first.
Last updated March 15, 2024
There is always a time to demolish the apartment.
Currently, there are about 10,000 apartments in Yokohama. (As of 2023)
Of these, about 600 condominiums are over 50 years old, and more than 2,000 are more than 40 years old.
We will use the apartments that we have purchased for as long as possible, but it will still be impossible to use it someday.
In that case, you will have to choose between demolish the building and build a new apartment, or sell land and dispose of it.
This is not something that anyone can do, but must be discussed by all division owners and make decisions in Residential Association.
Reference: Basic knowledge of condominium rebuilding
The value of a building will eventually disappear.
As condominiums become older, the value of buildings as assets decreases, and when they become old enough to need to be demolished, the asset value disappears, and in many cases it remains only the value of the land rights. .
If you can't rebuild for financial reasons or do not, you will have to sell land and reach the end of your apartment.
At this time, it is necessary to break the built apartment to sell land, so you will need to pay for demolition work.
Also, in the case of having the buyer destroy the building, the sale price will be the price of the land minus the demolition cost.
In the unlikely event that there is no reserve required for demolition and the demolition cost exceeds the price of the land, even if you sell the land, you may not be able to pay for demolition costs.
You need to find a buyer
You need someone to buy the land in an apartment.
In order to sell land, we arrange conditions such as whether to dismantle the building by ourselves or having the buyer dismantle it, and look for the other party.
In either case, the price obtained by subtracting the cost of dismantling etc. from the value of the land is the owner's income.
Image of condominium sales
Many agreements are needed
Condominiums are common, so dismantling and selling require the consent of all the co-owners.
Because the age of the building, the difficulty of use, and the way of feeling of urgency are different, consensus building often requires a lot of effort.
Number of Condominiums that need to be retired
The number of agreements required to be demolished and sold will be reduced from “all members” to “4/5 or more*” from Residential Association to Yokohama, in case of problems with safety against earthquakes.
※4/5 or more of the equity price of the divisional owner, voting rights, and site usage rights
| １ | Does not conform to the standards of the Building Standards Law and ordinances related to earthquake safety |
|---|---|
| ２ | Does not conform to the standards of the Building Standards Law and ordinances related to fire safety |
| ３ | The outer walls, exterior materials, etc. may peel off, fall, causing harm to the surrounding area |
About certification (Article 102 of the Act) pertaining to the necessity of removal
Let's think together about the end of the apartment
Every apartment is getting old,
Concrete has a life expectancy and cannot be left for a long time, and always visits when demolished.
At that time, various hurdles are likely to come out, such as financial issues and agreements between residents.
Buying an apartment means that you are responsible for the land and buildings, from maintenance to demolition.
And in the event of inheritance, the responsibility will be passed on to the heir.
Let's talk about the future in Residential Association so that neither the owner nor the person who inherits in the future will not be bothered by the owner.
There is a subsidy system for considering the sale of the site.
Consideration of division of condominium sites, etc., and subsidies for consensus building costs
※There is a limit to the number of subsidies.
For inquiries to this page
Building Bureau Housing Department Housing Revitalization Division
Phone: 045-671-2954
Phone: 045-671-2954
Fax: 045-641-2756
Email address: kc-jutakusaisei@city.yokohama.jp
Page ID: 844-695-796
