If you inherit real estate in Bunkyo, Tokyo.There are three exits: manage, utilize, or sell

The typical sequence is: (1) check whether there is a will; (2) identify the heirs and the estate; (3) hold the estate division discussion; (4) complete the inheritance registration; and (5) decide on the policy—manage, utilize, or sell. Because there is a three-month deliberation period for accepting or renouncing an inheritance (Article 915, Paragraph 1 of the Civil Code), it is reassuring to organize the overall picture early. Where formal procedures are required, we guide you in coordination with our partner professionals.

Yes. Applying for inheritance registration became mandatory on April 1, 2024, and an application is required within three years in principle from the day you learned of the acquisition of the real estate (Article 76-2, Paragraph 1 of the Real Property Registration Act). Unregistered real estate inherited before that date is also covered, with a grace deadline of March 31, 2027. Failing to apply without justifiable grounds may be subject to an administrative fine of up to 100,000 yen (Article 164, Paragraph 1 of the same Act).

The building deteriorates and ages, and holding costs such as fixed asset tax continue to accrue every year. A vacant house that is not adequately managed may become subject to guidance, recommendations, and other measures by the municipality under the Act on Special Measures concerning Vacant Houses, and once a recommendation is issued, the residential-land special measure for fixed asset tax may be lifted. Even if you 'can't decide yet,' we recommend at least putting a management arrangement in place early.

There is no one-size-fits-all answer. The best choice depends on the location, the building's age, whether repairs are needed, your need for a lump sum, the tax burden, and your family's wishes. At Yotsuba Real Estate, we compare 'if you sell' and 'if you rent' side by side in numbers, and then choose together an exit your family can agree on.

Useful benchmarks include the rosenka roadside land values published by the National Tax Agency (the basis for inheritance tax valuation) and the officially announced land prices. However, the price a property actually sells for (the actual market price) usually differs from these. We handle individual appraisals that reflect actual transactions within Bunkyo—please request one via our contact page.

Yes, it can be sold with the consent of all co-owners. Selling only your own share is also possible, but in practice buyers are limited and the price tends to be unfavorable. Where the estate division discussion (Article 907, Paragraph 1 of the Civil Code) needs to be sorted out, we coordinate with our partner professionals to guide you through the process.

Yes—you can bring everything to us as a single point of contact. What Yotsuba Real Estate itself handles is the management, utilization, and sale of the real estate. Registration, tax matters, and inheritance procedures are each carried out in coordination with our partner professionals (gyoseishoshi lawyers, judicial scriveners, licensed tax accountants, and others). Note that when an inheritance tax return is required, the deadline is within ten months from the day following the day you learned of the commencement of the inheritance (Article 27, Paragraph 1 of the Inheritance Tax Act).

Yes, we can. As a local company with an office in Kohinata, Bunkyo, we can check the property on site and report back to you, and handle the arrangements for management or sale in a way that does not require you to come in person. We are also happy to communicate by phone, email, or online.

Consultations are free. Our office is at 文京区小日向４丁目２−５ 小日向安田ビル２０３ (Kohinata Yasuda Bldg. #203, 4-2-5 Kohinata, Bunkyo-ku), about a 5-minute walk from Myogadani Station, and business hours are 10:00–18:00 (closed Tuesdays and Wednesdays). If you formally engage us for a sale or for management, we always disclose the fees clearly before any procedures begin.