Japanese
  Home
  Living in Tokyo
  Rent
  Purchase
  Lease
  Sale
  FAQ
  Link
  Our town Aoyama
  Contact
  Profile
  Sitemap
Omotesando Sta. 5min.
Gaienmae Sta. 2min.
2,7,8F AoyamaYasuda bldg.
2-27-22 Minami-aoyama
Minato-ku Tokyo Map
Most FAQ
On Aoyama
Rent
     
Most frequently asked questions
What is the key money fee?
What eligibility requirements must a guarantor meet?
Will I be able to find an apartment or condominium that allows pets?
What are the most popular and valuable conditions?
What happens if I want to move out before the lease term ends?



@

Most frequently asked questions
1
What is the key money fee?

"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.

2
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.
3
Will I be able to find an apartment or condominium that allows pets?

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.

4
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.
5
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.



























@

| Home | Living in Tokyo | Rent | Purchase | Lease | Sale | FAQ | Link | Our town | Contact | Profile | Sitemap | Japanese |

@
- Copyright (C) Orient Kosan Co., Ltd. All rights reserved. -