First Hotel-Condominium Project in Japan
Sankei Building Company, Tokyu Land Corporation, and Relo Vacations are collaborating for the first hotel-condominium project in Japan that utilizes the Home-Sharing Business Act (known as the Minpaku law) introduced in June 2018. The buyer of a flat leases it to the operator who rents it out to other guests for up 180 days. The owner uses the place partly free and partly pays a special usage fee. Background: Japanese regulations do not allow renting out an apartment for more than 180 days in one year.
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