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Omotesando
Sta. 5min.
Gaienmae Sta. 2min.
2,7,8F AoyamaYasuda bldg.
2-27-22 Minami-aoyama
Minato-ku Tokyo Map |
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frequently asked questions |
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1
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What is the key
money fee? |
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"Key money" is a non-refundable fee
charged to the tenant at the time the contract is signed. It is
usually equal to about two months' rent.
In Japanese, it is literally called "gratitude fee."
This practice originated when Tokyo was in the state of being
reconstructed after destruction from the war. Suitable lodging
was extremely rare and in exchange for a host's hospitality, tenants
would offer a "gratitude fee". The tradition today has
taken the form of a common fee.
Our clients often feel unpleasantly surprised about the concept
of having to pay a key money fee. Occasionally, non-Japanese clients
mistakenly believe that this fee is directed specifically towards
them. This misconception has no truth whatsoever; please understand
that Japanese and non-Japanese alike must pay this fee.
At our company, we understand that this fee does not exist outside
of Tokyo and can be difficult to accept. As realtors, we feel
extremely empathetic towards our displeased customers and regret
that such an inconvenient policy exists. Unfortunately, it is
not in our power to exempt anybody from this fee. The most we
can do for a client who insists on not paying this fee, is look
for properties on the market with no key money fee. These usually
consist of expensive properties or those that are directed towards
expats. However, such properties are rare and making this choice
will greatly reduce the amount of properties that we can propose
to you.
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2
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What eligibility
requirements must a guarantor meet? |
For non-Japanese tenants, a guarantor
must be a Japanese citizen and resident. This is for two reasons.
Firstly, it is easier to evaluate somebody who livesCworks, and
has a record in Japan. Secondly, should the responsibility of making
the payments fall upon the guarantor, owners know it will be easier
to contact a Japanese resident rather than crossing borders to track
someone down.
For Japanese tenants, most properties require a guarantor to be
a parent, sibling, or other relative. By specifying a friendCco-worker,
or employer, you may risk being denied during the evaluation process.
Also, keep in mind that the guarantor is responsible for making
payments in the case that the tenant fails to do so. Their financial
stability will be thoroughly evaluated as well. |
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3
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Will I be able to
find an apartment or condominium that allows pets? |
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Small pets such as hamsters and fish are allowed
just about anywhere, but few allow cats and dogs. When searching
for a property that allows pets, you will need to use that as
a priority searching condition.
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4
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What are the most
popular and valuable conditions? |
| Hardwood floors, good indoor sunlight
exposure, and floor heaters/AC are the most commonly requested conditions,
making them the most highly valued. Regarding buildings, secured
entry is a popular request. |
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5
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What happens if
I want to move out before the lease term ends? |
| Rather than having to pay rent until
the term ends or subletting, you pay a one-time fee (usually equal
to one month's rent). The exact details are discussed before the
lease agreement is signed and recorded in the explanatory note of
important items. |
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