Real Estate Info

IMPORTANT INFORMATION FOR FOREIGN CUSTOMERS

This page is intended for customers who have not previously encountered the issue of renting an apartment in Japan. In this section, we will try to explain the process in detail and answer the most popular questions on this topic.

General information about rental in Japan

The rental process in Japan usually can be divided into 5 steps:

Step 1 Contact the real estate company and search for an apartment

Step 2 Come and take a look inside the apartment you are interested in

Step 3 Once you decide with the apartment, sign a rental (with the owner) and a brokerage (with the real estate company) contracts

Step 4 Pay a lump sum payment (deposit, etc.), brokerage fees, and the mortgage for the first month

Step 5 Enjoy your new apartment!

What lump sum payment includes?

The lump sum payment we mentioned in Step 4, means fees you have to pay once you sign a rental contract, other than month-rental fee. This payment includes such fees as:

Deposit - a refundable sum of money meant to cover any possible damage to the apartment during the rental or to compensate unpaid rental fees etc. This sum will be returned to you when you move out.
Key money - in real estate key money is a payment meant to secure rental contract and a gratuity to the owner. Key money are non-refundable.
Guarantee fee - means a payment to a guarantee company, that guarantees the tenant's rent, and in the unlikely event that the tenant fails to pay the rent on time, the guarantee company will replace the rent and pay it to the owner.
Fire insurance - an insurance that covers the damage by fire or smoke to the apartment and your personal belongings in it.
Brokerage fee - a payment to the broker (real estate company).

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