I am filling out mortgage paperwork using my existing jumenhyo, which is registered to a rental property. If I obtain my mortgage and title of a new property with this address, the fee is ~5万円in my city, but then I will have to re-register with the new property’s address in the same city once I move, which is another ~5万円 fee.
The agent at my bank suggested I switch my jumenhyo to the new property prior to the closing of the transaction so I only have to register once (and pay once). I asked if this was okay since I technically don’t live there yet (公正証書原本不実記載等?) and he said it is a sort of grey area. What I would need to do is establish a legitimate connection to the property by, for example, paying a utility bill. This would allow me to switch my jumenhyo with the city.
Has anyone has dealt with this issue before? It seems unlikely that the bank would suggest an illegal move, especially if they stand to gain nothing. This is a medium-size regional bank.
**okay so it is strange because I actually know it is spelled juminhyo but my brain isn’t functioning properly because I have been confined to bed all weekend due to COVID. This is the worst strain ever. Some people lose their sense of smell, I lose my ability to spell.😂
9 comments
I had to do this in order to get a loan to renovate the apartment I was buying. The bank wouldn’t issue a loan for a property the borrower doesn’t live in, so registering yourself at the place you’re moving to right after you buy it even if most of your possessions are still at your old place is standard procedure for such cases.
Your case is a little different as you don’t seem to have the deed yet; have the utilities at the new place already been switched to you? Most purchasers of property have an overlap period where they have both their old rental under contract and the deed to their newly owned property in hand. You can “live” at either one.
I think this has come up before on this sub and the conclusion is that it’s normal practice to do this (change the juminhyo in advance).
I remember having to do this for similar reasons but damned if I can remember how we did it. Wife probably took care of it while I was working.
come oooon… we discussed this like a month ago and before few times. Use the search button
It’s not a grey area lol, it’s explicitly against the law. If you told the ward office what you were really trying to do they would refuse to change your address.
That said, pretty much everyone still does it. We did it as well.
We did this recently – changed it all almost a month prior. Seemed illogical to me but everyone acted as though it was normal.
As weird as it sounds – yes, this is a thing, very common…
The difference between a home (primary residence) mortgage and an investment property mortgage is significant. Move your juminhyo, get better terms.
I did not know this was the reason why I was told to make the change of address before the actual moving… in my case they asked me todo the change like one month before the handover. I just did it and didn´t think of the reason why. The weird thing is, I always thought you’d do it after the moving, so when they asked you when you moved, you would say… in this case when they asked me I said I won´t be moving until X date (like one month time) and they did not mind at all… so it seems it is normal?