Abstract
Used condominium apartments are becoming popular residential facilities in Japan, because they are easy to commute to
business districts and easy to maintain for busy working couples. We point out three issues to promote utilization of used
condos in Japan. The first issue is the difficulty for the buyers, who want to renovate a condo and live there, to imagine the
outcome of the renovation. We believe the VR tools will improve this issue. The second issue is the delinquency of
management fee and repair reserve fund. We consider that one of the difficulties in this issue stems from the law that
requires the new owner of the condo to pay the delinquency caused by the former owner. We propose the amendment in
which the apartment management association can reduce the delinquent debt of the room. The third issue is the rebuilding
of condos. In Japan, condo owners are effectively only allowed to rebuild their building. So if they are not enough funded,
the condo will become a devastated building. We propose the legislation that enables owners to make a rebuilding
resolution, even decades before the rebuilding date, which allows owners to sell the condo or reserve funds for rebuilding.
