Japanese Business Glossary

抵当権 (teitoken) refers to a "mortgage" or "security interest" in English. It is a legal right or interest that a lender holds in the borrower's property, usually real estate, as collateral for a loan. This right allows the lender to take possession of the property and sell it if the borrower defaults on the loan.

Teitoken ensures that the lender can recover the owed money by selling the secured property. This concept is similar to mortgages in other countries, where the property serves as security for the loan, providing a safeguard for lenders against the risk of non-payment.

地代 (chidai) refers to "land rent" or "ground rent" in English. It is the payment made by a tenant to a landlord for the use of land. This term is typically used in the context of leasing land for various purposes, such as agricultural use, residential buildings, or commercial properties. The rent amount is usually agreed upon in a lease contract and is paid periodically, such as monthly or annually.

借り上げ社宅 (kariage shataku) refers to "company-leased housing" or "corporate-leased housing" in English. It is a system where a company rents housing from the private market and then provides it to its employees as a part of their employment benefits. This arrangement often helps employees secure housing in expensive or difficult-to-rent areas and may offer financial advantages such as subsidized rent. The company typically manages the lease agreements and related administrative tasks, making it easier for employees to focus on their work and relocate as needed.

所在地 (shozai-chi) refers to the "location" or "address" of a place or entity. It indicates the specific physical place where something is situated, such as the location of a company, an office, a building, or any other entity. This term is commonly used in formal contexts, such as legal documents, business registrations, and official records to specify where an entity is located.

賃貸借 (chintaishaku) is a Japanese term that refers to a lease or rental agreement. It involves a contractual arrangement where one party (the lessor) agrees to rent out a property, such as a house, apartment, or commercial space, to another party (the lessee) for a specified period in exchange for payment. The agreement outlines the terms and conditions of the rental, including the duration, rent amount, payment schedule, and responsibilities of both parties. Chintaishaku contracts are essential in real estate transactions, providing legal protection and clarity for both landlords and tenants.

事務所利用可 (jimusho riyouka) is a Japanese phrase that means "office use permitted" or "suitable for office use." This term is commonly found in real estate listings and rental agreements to indicate that a particular property, such as an apartment, commercial space, or building, can legally and appropriately be used as an office.

When looking for office space, businesses often look for this designation to ensure that the property meets regulatory requirements and is equipped for office activities, such as having the necessary infrastructure, zoning, and facilities. This information helps potential tenants quickly identify properties that meet their business needs.