(1) Clarify the purpose of use
First, clarify how the land will be used (e.g., as a parking lot, business office, residential property, etc.)**. This will determine the conditions (location, size, zoning, etc.) of the land to be searched for. 2.
(2) Land search and information gathering
Through real estate agencies, portal sites, local networks, etc., we will search for land for lease that meets the desired conditions. Check the type of contract, such as “with land leasehold” or “fixed-term land lease contract,” depending on the purpose of use.
(3) Site visit and confirmation
Visit the potential site and check the following points:
Topography and geology
Road access
Surrounding environment
Infrastructure (water, sewer, electricity, gas)
4) Negotiate and confirm terms with the lessor
Negotiate with the lessor or real estate company regarding rent, contract period, use restrictions, deposit, security deposit, and other conditions. Consult a specialist (real estate consultant or lawyer) if necessary. 5.
(5) Conclusion of Contract
Once you are satisfied with the terms and conditions, conclude a land lease contract. The following types of contracts are available
Normal leasehold (renewable)
Fixed-term land lease (non-renewable)
Fixed-term leasehold for business use (10 to 50 years)
It is important to carefully check the details and be sure to clear up any points that are unclear.
(6) Procedures before starting use
Administrative procedures as necessary (application for building permit, application for change of use, etc.)
Land preparation and development
Building construction or installation of facilities
7) Commencement of use
When all preparations have been made, the leased land is finally ready for use.