Real Estate Development

In real-estate development, analysis of various laws and ordinances such as the City Planning Act, the Landscape Act, the Building Standards Act, the Soil Contamination Countermeasures Act and other environmental laws is required.   Also, depending on the type of land or buildings subject to development, you may need to carry out the related procedures under the Agricultural Land Act or the Large-Scale Retail Stores Location Law.  Properly responding to the authorities and good judgment, in addition to having thorough knowledge of the law, are vital for regulation under these laws and ordinances.

Also, for land readjustment projects based on the Land Readjustment Act and urban redevelopment projects based on the Urban Renewal Act, development must be conducted in accordance with a thorough understanding of the sequence of the procedures required under each law and the mechanism for the conversion of rights.

Further, as reconstruction of multi-unit buildings (where units are owned by tenants) is regulated by the Act on Unit Ownership, etc,. of Buildings and the Act on Facilitation of Reconstruction of Condominiums, fairness and transparency should be points to consider at each step in order to smoothly build consensus among the parties involved.

At TMI, attorneys with a high level of expertise and experience regarding the various laws and procedures mentioned above will provide advice and legal services both practically and with a sense of balance.  In particular, we have a proven track record in project financing relating to development.  Additionally, we have also established a system for attorneys well experienced in real estate lawsuits to properly respond to lawsuits from or conduct negotiations with current tenants regarding eviction related to reconstruction of buildings or urban redevelopment.