Reiwa Form 347 `Extensions and Variation of Residential Tenancy Agreement`
- 105 Views
- अभिनव 'अभिन्न'
- April 27, 2023
- Uncategorized
In early 2019, Japan announced the start of a new era, Reiwa, which means “beautiful harmony.” Along with this new era came changes in laws and regulations, including updates to the Residential Tenancy Act. One of the most significant changes is the introduction of Form 347, which covers extensions and variations of residential tenancy agreements.
Form 347 is designed to simplify the process of extending or varying a residential tenancy agreement for both landlords and tenants. It is also required by law to use this form when making changes to rental agreements. Failure to use the form can result in legal action against the parties involved.
So, what is Form 347 and what does it cover?
Form 347 is a document that outlines the details of any changes made to a residential tenancy agreement. This can include extensions or variations to the period of the agreement, changes to the rent, or modifications to the terms and conditions of the contract.
The purpose of the form is to provide clarity and transparency for both the landlord and the tenant. It sets out the terms and conditions of any changes made to the original agreement, ensuring both parties know what to expect moving forward.
Form 347 must be completed and signed by both the landlord and the tenant. It must also be submitted to the relevant local government office within 14 days of the changes taking effect.
In addition to the legal requirements surrounding Form 347, there are also some practical considerations to keep in mind. It is essential to ensure that any changes made to the tenancy agreement are fair and reasonable. This means that the increase in rent or changes to the terms and conditions should be proportional to the circumstances.
For example, if the landlord wishes to increase the rent, they must provide a valid reason (such as increased maintenance costs or changes in the local rental market). The increase in rent must also be reasonable and not significantly impact the tenant`s ability to pay.
Similarly, if the tenant requests changes to the terms and conditions of the agreement (such as the addition of a pet clause), these requests should be reasonable and not conflict with the landlord`s rights or the safety of the property.
In conclusion, Reiwa Form 347 is a crucial document for both landlords and tenants in Japan. It provides a clear and transparent process for making changes to residential tenancy agreements and ensures that all parties are aware of the terms and conditions. If you are a landlord or tenant in Japan, it is essential to familiarize yourself with the use of Form 347 to avoid any legal complications.