Building Associations In Japan (1)

1
Building Associations In Japan

• More details on
• http//realestateguide.tokyo/

2

• building management association in Japan includes
  the owners of all apartments in a building and is
  essentially tasked with all important
  decision-making formalities of the property.

3
HEIRARCHY

• The building management association (BMA) entails
  decision-making regarding the daily building
  operations, common area usage and use of repair
  reserve fund, i.e., an amount thats paid by all
  owners mandatorily in addition to the management
  fee.
• In pursuit of having an unbiased and regulated
  association, apartment owners jointly elect a
  board of members to lead the association with a
  Chairman, who also doubles up as a representing
  truant or an owner who is overseas to vote on
  property matters. This association can also be
  formed with the involvement of professionals on a
  permanent basis which results in a high
  management fee.

4
MEETINGS AGENDA

• A usual meeting agenda on the BMAs list of
  things to work on includes incorporating a
  building management society, the election
  thereof, re-election or electing a replacement of
  a board member, disciplinary actions against
  non-appearance of board members for meetings,
  quality control on sharing details for media
  coverage or media presence during meetings, the
  use and rotation of the repair reserve funds,
  share station usage in terms of available
  facilities like laundry, sale of water or grocery
  items, sharing utilities, leisure activities and
  their associated fee asks, parking space
  management and renting un-used parking spaces to
  third party vendors, repair and replacement work,
  et all.
• The building management association normally
  initiates meetings voting hearings multiple
  times in a year by sending out relevant documents
  citing your representation for the voting
  process. Depending on their availability or
  absenteeism one can choose to go with either of
  the two options here
• Most condo owners either share the power of
  attorney to the board Chairman to vote on their
  behalf for effective decision-making
• Opt for individual votes on specific matters
  related to their property. The first option is
  much preferred by owners who are stationed
  overseas.

5
VOTING PROCESS

• A BMA can operate with its elected board members
  or opt for a property manager at the time of
  voting. The process entails filling a requisite
  form that acts like an Owner representation form
  for voting. For any voting decision, it is
  imperative to have a minimum of 50 votes, and at
  least 75 votes required for more critical
  decisions. Should a de-conversion or rebuilding
  of the property is imminent, then the requirement
  increases to 80 votes in Japan.

6
Contact us

• Phone
• Tel. [phone] General
• Fax [phone] Fax number
• Email
• contact_at_aonissin.com
• Website
• http//realestateguide.tokyo/
• Address
• Aonissin Co. Ltd.
• Kourin Building 7F
• 1-13-19 Kita-Shinjuku
• Shinjuku-ku, Tokyo