- June 7, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Personal Background and Income
I am a Japanese citizen who grew up abroad and currently working in the Middle East, making approximately 65k a year tax-free. I foresee myself continuing in this role for the next two decades. While I am conversational in Japanese, I struggle with complex technical paperwork. Additionally, my partner earns 230k tax-free in British currency.
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The AI Legalese Decoder can help translate complicated legal jargon and terms into plain language, making it easier for individuals like me to comprehend and navigate through intricate legal documents related to property ownership and mortgages.
## Retirement Plans and Property Investment
My partner and I are considering retiring in Okinawa. We believe it would be beneficial to acquire a property within the next five years and rent it out as an Airbnb or a long-term rental. Eventually, we aim to use this property as our retirement home in approximately 20 years.
### AI Legalese Decoder Assistance
The AI Legalese Decoder can assist in understanding the legal implications and requirements involved in property investment, mortgage agreements, and rental property management in Japan, helping to ensure a smooth transition and successful investment strategy.
## Mortgage Inquiry and Downpayment
I am curious about the possibility of obtaining a mortgage in Japan, despite not currently residing in the country but holding Japanese citizenship. Additionally, I would like to know approximately how much my downpayment would be, expressed as a percentage of the total property value.
### AI Legalese Decoder Assistance
The AI Legalese Decoder can provide detailed information on the eligibility criteria for obtaining a mortgage in Japan as a non-resident citizen, as well as calculate an estimated downpayment percentage based on the specific property value and financial circumstances of the individual.
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