Customised rental properties provide answer to vacancy rate problem
An increasing number of landlords are offering to renovate their properties in accordance with their tenants' wishes in order to attract and retain long-term occupants.
Typical renovations can amount to two year's rent, but in an effort to retain the tenants in the long term, the landlord of one building spent approximately three year's rent on renovating an apartment to the client's specifications. The rent on this particular apartment is 160,000 Yen a month, approximately 10,000 Yen higher than it was prior to the renovation.Read more