Regarding the NAC payment for management fees
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This is a service that allows you to pay the monthly management fees and related charges using NAC (NOT A HOTEL COIN), our proprietary cryptocurrency.
By making a lump-sum advance payment in NAC for the first half of the fiscal year, the second half, or the full year, management fees will be automatically deducted monthly from your NAC balance. This payment option covers periods from April to September, October to the following March, or the entire fiscal year from April to March. Once this advance payment is processed, the system will handle your monthly fees automatically using the remaining NAC balance.
Please also refer to the NOT A HOTEL DAO NOTE.
Only the following items are eligible for payment in NAC.
<Lease Agreement>
Expense items | Eligibility for this service |
Software License Fee | ● |
Owner Membership Fee | ● |
Association Management Fee ※1 | ● |
Fire Insurance Premium | ー |
Earthquake Insurance Premium | ー |
Land Lease Fee ※1 | ●※2 |
House Exchange Fee Difference | ー※3 |
Self-Use Fee | ー ※3 |
Cancellation Fee | ー ※3※4 |
<Loan for Use Agreement>
Expense items | Items eligible for payment through this service |
Monthly Management Fee※5 | ● |
Fire Insurance Premiums | ー |
Earthquake Insurance Premiums | ー |
Land Lease Fee※1 | ●※2 |
Mutual Use Difference Fee | ●※6 |
Personal Use Fee | ●※6 |
Cancellation Fee | ●※4※6 |
※1. Some houses may not include these items as expense categories.
※2. Payment timing may vary depending on the house. Only monthly expense items are eligible.
※3. Separate from this service, one-time payments using NAC are also available.
※4. Payment via NAC is available only for specific cancellation fees incurred due to schedule changes.
※5. The names of expense items, such as Owner Membership Fees, may vary depending on each house.
※6. n the event of use, the costs will be deducted from your pre-paid Monthly Management Fees, with some exceptions. In addition to this service, you may also choose to make individual payments using NAC through our one-time payment feature.
From September 1st to the last day of February.
First Half: Management fees for the first half of the fiscal year from April to September.
Full Year: Management fees for the entire fiscal year from April to the following March.
From March 1st to August 31st.
Second Half: Management fees for the second half of the fiscal year from October to the following March.
Apply for NAC Payment
You can apply through the NOT A HOTEL Owner App.
To apply for NAC payment, prior integration with GMO Coin is required.
Reference: How to work with GMO Coin
Make a Lump-Sum Advance Payment in NAC
At the time of lump-sum payment, the NAC price is provisionally calculated as "1 NAC = ¥1,000".
Automatic payments during the period
In the case of Lease Agreement Management Fees
On the 27th of every month, management fees are automatically paid from your pre-paid NAC balance (monthly settlement). The price of NAC at the time of monthly settlement is calculated based on prescribed rules to align with market prices. *1
In the case of Gratuitous Loan Agreement Management Fees
Each time the property is used, management fees are automatically paid from your pre-paid NAC balance. The price of NAC at the time of settlement is calculated based on prescribed rules to align with market prices. *2
*1 Calculated based on the simple moving average of daily closing prices over the past 30 days, using the monthly settlement date as the reference point.
1NAC = (Closing price on the 26th + Closing price on the 25th +Closing price on the 24th +...) / 30
*2 Calculated based on the daily closing price from our designated crypto asset exchange, using the date of stay (check-in date) as the reference point.
Settlement after the expiration of the contract period
After the period ends, if there is a difference between the amount you pay and the amount you prepaid with NAC, we will settle the difference. In the case of a refund, the NAC will be returned to your GMO Coin account. If you wish to make an additional payment, we plan to handle it by direct debit in Japanese yen.
Optional Renewal
NAC payments are processed on a per-period basis. Upon the expiration of the period, the NAC payment arrangement will be automatically terminated. If you wish to continue, please submit a new application.
Step 1. Select Payment Period and Agree to Terms
On the app’s My Page, tap “Advance Payment of Management Fees with NAC.”
Select the applicable house and tap “Prepay with NAC.”
Choose the period for lump-sum NAC payment and check the box to agree to the special provisions for payments with NOT A HOTEL COIN.
Tap “Make Payment.”
Step 2. Complete the Application by Making a Lump-Sum Payment
Tap “Send NAC.”
You will be redirected to the GMO Coin screen. Enter the authentication code and send the NAC.
Price calculation rules for bulk pre-payment
A fixed price of 1,000 JPY per 1 NAC will be applied at the time of bulk pre-payment (any NAC surplus resulting from price appreciation will be refunded at the end of the term)
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