I'm interested in buying a place instead of renting (I've been renting for quite some time), and a friend of mine yesterday said that apartments in Japan are not allowed to be rented out unless you have 100% full ownership equity in the unit. If the bank owns even 10%, renting the apartment out is illegal. He said the only exception is if you're leaving the country, then there's paperwork to do & only then is it possible. Any truth to this and what should I know about this?
Thanks in advance !