What are common Japanese rental deposit terms for foreigners
Common Japanese rental deposit terms for foreigners include the following key points:
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Security Deposit (敷金, Shikikin): This is a refundable deposit typically equivalent to 1 to 2 months’ rent. It is used to cover unpaid rent, cleaning, and repairs when moving out. The remaining balance after deductions is returned to the tenant. Some properties may require zero to multiple months’ rent as a deposit depending on the property type and location. It is recommended to keep the apartment clean and undamaged to maximize the refundable amount. 1, 2, 3, 4, 5, 6, 7, 8
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Key Money (礼金, Reikin): This is a non-refundable gift to the landlord, usually 1 to 2 months’ rent, as a customary thank you for renting the property. This fee is unique to Japan and cannot be used for cleaning or repairs. Some newer or negotiable leases may waive or reduce this fee. 3, 5, 9, 10, 1
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Other fees to be aware of include rental agency fees (usually 1 month’s rent) and potential penalty fees for early contract termination. Foreigners may face additional scrutiny in rental applications, sometimes requiring guarantors or higher initial costs. 5, 11
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For foreigners, it is important to carefully review the lease agreement regarding deposit terms, inspect the property upon moving in with photos, and understand the conditions for deposit refunds to avoid disputes.
Overall, deposits typically range from 1-2 months’ rent refundable security deposit, plus 1-2 months’ non-refundable key money, but exact terms can vary by property and landlord. 6, 7, 12, 13, 1, 3