Japanese fixed-term lease — ends on the contract date with no renewal right.
Lease structure · APAC
Japanese fixed-term lease — ends on the contract date with no renewal right.
The dominant lease form for new trophy delivery in Tokyo. Distinct from the historical futsu shakuya (ordinary lease), which gives the tenant strong renewal rights regardless of landlord preference. Foreign tenants should expect teiki shakuya in modern trophy assets.
Teiki shakuya (定期借家) is part of the lease structure vocabulary that institutional Class A occupiers, landlords, and advisers use across APAC markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the APAC definition alongside the global standard so cross-border occupiers can translate quickly.