For Foreign Residents

STEP 01

Buyer’s Property Criteria

The buyer’s criteria (e.g., location, budget) for property search

STEP 02

Potential Properties

A list of properties that satisfy the buyer’s criteria

STEP 03

Property Viewing

Property visit with or without a real estate developer/agent

STEP 04

Written Offer

Written offer in most cases. A deposit might be required with the offer.

STEP 05

Buyer Qualification Review

Review of the buyer’s immigration status and financial capacity

STEP 06

Disclosure Statement

Preparation of a disclosure statement in accordance with the law

STEP 07

Contract

Closing of the contract. Closing costs include the stamp duty and agent fees.

STEP 08

Possession

Possession and title registration after the payment of the amount owed to the seller.

STEP 09

Moving-in

During the contract closing and possession stages, the following actions are required:

• preparation of registration documents in lieu of resident proof and name stamp certification;
• selection of a tax agent; and
• fund transfer for the sale to be reported to the Ministry of Finance in pursuant to the Foreign Exchange Act.

STEP 01

Tenant’s Property Criteria

The tenant’s criteria (e.g., location, budget) for property search

STEP 02

Potential Properties

A list of properties that satisfy the tenant’s criteria

STEP 03

Property Viewing

Property visit with or without a property manager/real estate agent

STEP 04

Written Application

Filling out an application form to rent the property. The tenant is asked to find a guarantor (individual or guaranty firm).

STEP 05

Tenant Qualification Review

Review of the tenant and guarantor’s immigration status and financial capacity

STEP 06

Disclosure Statement

Preparation of a disclosure statement in accordance with the law

STEP 07

Contract

Closing of the contract. Closing costs include the security deposit, key money, agent fees, fire insurance, and first month rent (no stamp duty levied).

STEP 08

Possession

The landlord to deliver possession of the leased premises to the tenant after the payment of the closing costs

STEP 09

Moving-in