RetireJapan

Yes, That will be a happy ending i guess.

What is Land owner is not willing to renew or they cannot renew.
Do you get some kind of buyout offer on the house or apartment ?

I saw few second hand apartments on sale in upscale areas like roppongi and azabujuban way below there market price. Looking closely realized that all of them have land ownership as some kind of "lease" like 旧法賃借権 ( kyuhou chinshakuken ), roughly meaning "old law right to lease"....

Thanks a lot everybody for the wise comments.
I have a far clear head about this after reading everyone's thoughts and experiences.

Ben : Thank you. You have flagged a very important point about residential property not allowed to be rented out. This will be "Jutaku loan" right. Is there a law which stipulates minimum time for residence ? What happens if you relocate due to work, kid's school etc. Are the waivers on Ba...

I am in Japan for 7 years with wife and a kid. We enjoy living here and looks like will be here for long if not forever. We moved to Tokyo from Inaka 2 years back and Me and My wife noticed that a big portion (150,000 JPY ) goes for rent so how to make use of that amount for our financial advantage ...