Is the repair fund healthy? For a Japanese condo, this document decides your decade more than the yield does

Everyone asks about yield when viewing a property; almost nobody asks whether the repair reserve is adequate. But when that pool runs dry, what arrives isn't a rent increase — it's a one-off levy running into hundreds of thousands of yen. Japan's MLIT revised its guidance in June 2024, and the point isn't the size of the monthly figure. It's how the figure is scheduled to rise. Read that correctly and you can tell a genuinely cheap unit from one that simply hasn't paid its bills yet.