Introduction
In real estate ads, you may come across phrases like “intermediary fees are free” or “0 intermediary fees.” It can seem suspicious, and you may wonder if it’s really free or if there are additional fees. This article will explain our company’s fee system.
System of zero intermediary fees
Judging by the total amount on the estimate
Our fee system
System of zero intermediary fees
When renting a house, there are three parties involved: the customer (tenant), the real estate company (APU Real Estate), and the property management company (landlord).
Real estate company:
The real estate company is the intermediary that facilitates the transaction between the customer and the landlord. The major players in this industry include A-Paman Shop, E-able, and Century 21, which have many branches near train stations, as well as many smaller individual stores. These companies guide customers through the process of finding and renting a suitable property, as well as handling tasks such as contract preparation, arranging insurance, and arranging for gas service.
Property management company (landlord):
Some may recognize the property management company, as it is the company that the landlord typically outsources rent collection and cleaning management to. So, after the customer moves in, they will interact with the property management company.
The intermediary fee, on the other hand, covers the various tasks involved in renting a property, such as finding a suitable property, arranging viewings, preparing contract documents, and completing necessary procedures. When visiting a real estate company, they will assist with these tasks, including considering suitable properties and accompanying customers on viewings. They also handle contract-related documents, review the customer’s application, and sometimes negotiate rent with the landlord. The cost for this support from the real estate company is known as the “intermediary fee.”
As for the system of zero intermediary fees, under the Real Estate Transaction Business Act, the real estate company can receive a service fee of up to one month’s rent plus consumption tax for their support services. Conversely, they can receive half or even 30% of the fee, and it can be split between the property management company (landlord) and the customer (tenant) in any proportion. For example, if the rent is 100,000 yen, the customer (tenant) can pay 80,000 yen and the property management company (landlord) can pay 20,000 yen, or vice versa. If a 100,000 yen intermediary fee is charged for a 100,000 yen property, it means that the entire fee is being charged to the customer (tenant).
Judging by the total amount on the estimate
When considering whether to use a real estate company with zero intermediary fees, it’s important to confirm the total amount on the estimate. This will include the rent, the initial expenses, and the intermediary fee. If the estimate is too high or too low compared to other similar properties, it’s important to investigate further to ensure that there are no hidden fees.
Our fee system
At our company, we provide clear explanations of our fee system and ensure that there are no hidden fees. We believe that transparency is essential to building trust with our customers. Additionally, we strive to provide high-quality customer service that meets the needs of our customers.
Conclusion
When considering a real estate company with zero intermediary fees, it’s important to confirm the total amount on the estimate and investigate further if necessary. At our company, we are committed to providing transparent and high-quality service to our customers.
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