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Proud City Etchujima


Memorandum of Intent and Understanding:

Pacific Business KK (PBKK) proposes entering into a Property Management Contract with Mr. Yasutoshi Nobumoto (the Owner) for the following property:


- Proud City Etchujima Mansion Rm. 1302 (the Property)


PBKK desires and the Owner agrees in principle, that PBKK shall manage the Owner's property for a period of 5 years.  PBKK believes it can deliver a higher level of support and performance to the Owner when compared to other management companies.

The parties hereby indicate their understanding, that a significant change in market financial conditions may require a different course of action to be discussed and agreed to by the parties.  Therefore, the term of the management contracts shall be deemed to be flexible.


PBKK has multiple years of property management experience and has entered into many Master Lease or Hybrid Management Agreements with owners and companies.  At the time of entering into these agreements, PBKK either had full financial information regarding the property's past historical financial performance or was managing the property at that time and the management agreements were converted to master lease agreements.


Therefore, PBKK proposes a flexible 6 month management period for the Property, which will thereafter convert to a Master Lease or Hybrid Management upon discussions and agreement by the Owner.  This will provide PBKK time to analyze the financial performance of the Property and share this information with the Owner.


PBKK will be responsible for the following management tasks:

  • Maintaining Rent Rolls and monthly financial information for the Property.

  • Advertising the Property.

  • Taking new photographs of the Property.

  • Reforming, furnishing, design, and set up for the Property.

  • Open Houses and showing the Property.

  • Arranging for the arrival and departure of tenants.

  • Interior and exterior cleaning and normal minor maintenance.

Key Elements

  • PBKK will assist the Owner to convert the Property to a furnished apartment for couples and families.​

  • PBKK will manage the Property for six months before converting to Master Lease or Hybrid Management Agreement:

  • Management Fee 18%

  • After converting the Property to a Master Lease or Hybrid Management Agreement, PBKK and the Owner will review the Agreements for the Property quarterly and adjust the payment schedules according to the party's agreement after each review concludes.

Cost Paid by PBKK

  • Setup for Smart Rent Rolls for all properties, API configuration, server and database

  • Create Advertising Campaign

  • Basic Advertising expenses 

  • Room design and setup for furnished rooms.

  • Renovation and maintenance (labor and materials)

  • Furnishing expenses (for setting up furnished apartments)

  • Photography

  • Insurance

  • Utilities and Sewer

  • Taxes

  • Internet

  • Unforeseen miscellaneous expenses

Master Lease

Hybrid Management


Suggested Property Improvements

  • High-End Furnishing and beautification as necessary to produce higher occupancies and increases in rental income

Revenue Analysis

Monthly Rent (Including Utilities) :

Expected Occupancy



Summary of Expected Revenues

Master Lease

Average Monthly Net Revenue :

Yearly Net Revenue:



Hybrid Management

Average Monthly Net Revenue:

Yearly Net Revenue:




Average Monthly Net Revenue :



Yearly Net Revenue:

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