In response to the increasing number of cases in which condominium repair reserves are insufficient, the Ministry of Land, Infrastructure, Transport and Tourism has compiled a draft guideline for the amount of reserve funds to be collected and presented it to a panel of experts.
Recognizing the need for systematic savings, the plan includes setting a minimum limit on the amount collected each month.
According to the Ministry of Land, Infrastructure, Transport and Tourism, the number of condominiums with insufficient repair reserves is on the rise, and one of the reasons for this is that contractors keep the initial collection amount low to make it easier to sell new buildings.
The Ministry of Land, Infrastructure, Transport and Tourism has compiled a draft guideline for the amount to be collected and presented it to a meeting of experts on the 27th, citing the need for systematic savings.
According to this, based on the repair plan, the total amount of reserve funds required is divided monthly to obtain the "standard amount", and at least 60% of the standard amount is required to be collected even at the time of new construction.
On the other hand, it was also stipulated that if the amount to be collected is subsequently increased as the building ages, it must be within 1.1 times the standard amount.
Many experts have expressed positive opinions, and the estimated amount to be collected is expected to be decided as early as next month.
Professor Hiroko Saito of Yokohama City University, who chairs the conference, said, ``I want the repair costs to be secured in a way that the amount borne by owners remains as unchanged as possible from the beginning.As a result of discussions at this conference, management associations nationwide I want them to take advantage of this and save up in a planned manner."