Possible reporting requirements to curb derelict buildings
To help prevent a rise in dilapidated and poorly maintained apartment buildings, The Tokyo Metropolitan Government is considering introducing regulations that would require owners' associations to report on building maintenance.
Older condominiums can easily fall into disrepair when the owners are not actively managing or maintaining the buildings. Maintenance can be especially challenging when the majority of owners are elderly and on fixed incomes, as it can be difficult to obtain approval for costly repairs.Read more