Pioneering new markets through monthly leasing

We are pioneering into new markets outside the existing leasing markets by implementing Monthly Leopalace, which is available for short or long-term leasing, along with Leopalace21 Leasing System intended for long-term tenants. The purposes for using the monthly leasing service can be categorized into “residential use” and “temporary use.” In terms of the residential use, the purposes for using the service are expanding, such as “dormitory (for employees and students),” “job assignment away from home,” “daily use because of long commute,” besides the “general use of rooms.” Furthermore, as for “temporary use,” the purposes vary, including “business trips,” which is the most often cited purpose, as well as accommodation during moving, taking seminars, taking exams and tourism.


Steady increase of a user base for monthly leasing responding to various needs

The trend for number of tenants by contract type indicates that since Monthly Leopalace provides furniture, consumer electronics and utility expenses, launched in March 2000, the number of transactions for monthly leasing increased rapidly, which indicates the service matched the needs of the market. Furthermore, Monthly Leopalace Flats was launched in March 2002, offering tenancy periods in shorter segments, responding appropriately to the changing needs of the market. The number of units for this service increased to 117.3 thousand units by the fiscal year ending in March 2007.