Glossary
Jiko-bukken (stigmatized property)
A property where a death or serious incident occurred, which the agent must disclose and which trades at a discount.
A jiko-bukken is a property carrying a psychological defect — most often a suicide, murder, or a lonely death that wasn't found quickly. Sellers and agents have a duty to disclose it, and government guidelines set rough expectations for how long that duty lasts (commonly cited as around three years for a rental after the first new tenant, with sales generally held to a stricter standard). The upside is price: these units can trade 20 to 30 percent below comparable stock, and yield-focused investors sometimes target them deliberately. The risk is resale and tenant aversion, plus disclosure obligations that follow you. If a deal looks suspiciously cheap, ask directly and get the answer in the disclosure document.