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Japan weighs proxy condo management for owners abroad

Legal revision aims to encourage improvements to aging properties

Residential and office buildings in Tokyo: Japan's housing stock is aging and the government is trying to find ways to facilitate maintenance and upgrades.  (Photo by Konosuke Urata)

TOKYO -- The Japanese government is considering setting up a proxy condominium management system for overseas owners.

Under the proposed system, proxies will have the authority to make decisions concerning the management of the condos on behalf of absentee owners. They will be able to decide, for instance, to allow builders entry into condo units for repair work, even if the owner is absent.

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