- Providing information on monthly rental apartments and vacation rentals to real estate brokers and users -
Tokyo, August 8, 2017 – Rakuten LIFULL STAY, Inc. today announced the launch of “LIFULL HOME’S Monthly,” a site introducing monthly rental apartments that is scheduled to commence operations on September 4, 2017. Pre-application for property listings by real estate brokers begins from today, August 8, 2017.
Rakuten LIFULL STAY is a vacation rental business company created through the joint investment of Rakuten, Inc. and LIFULL Co., Ltd., and its tentatively-titled “Vacation Stay” vacation rental service is planned to be launched after the new Private Lodgings Business Law in Japan comes into effect. The new legislation places a 180-day limit on the utilization of a property as vacation rental accommodation, so for real estate brokers offering their properties only as vacation rentals, periods where the properties are vacant are expected. However, with the large number of users looking for mid-term accommodation of 30 days and over, Rakuten LIFULL STAY has decided to launch a monthly rental (short-term rental contract) apartment introduction service.
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