Apartment Renting

Posted by admin | Articles, Family, Home, Living, Personal | Sunday 4 March 2007 4:10 am
Tip: Ask about children and pets. Some apartments may not allow children.

The rental system of many conventional real estate companies is not very foreigner friendly.

Apartments are usually rented for a minimum of two years, which conflicts with the fact that many foreigners stay in Japan for less than two years.

Furthermore, most landlords are naturally reluctant to rent their apartments to foreigners who are not able to communicate in Japanese. Some of them will even categorically refuse their service to non permanent residents out of fear of frictions.

Many agents also require you to provide them with information about your financial background and to have a guarantor co-sign the rental contract as another security measure. Certain conditions apply as who can serve as your guarantor. It must usually be a Japanese national with a stable financial background.

Tip: Ask about service locations around the apartment. Find out things such as, how far it is to the supermarket, the gas station, the bank, restaurants, and public transportation.

Not at last, entering a rental contract with a conventional real estate company is very expensive. A number of refundable and non refundable fees have to be paid, often totaling three to ten months’ rent, depending on the company and apartment:

Reservation fee The tetsukekin is paid when you apply for an apartment, and before the actual rental contract is signed. It serves as a guarantee for you that the apartment is not given to somebody else, and for the agent that you do not change your mind. It is refunded after the actual contract is signed and is usually equivalent to about one month’s rent.

Deposit The deposit is used to cover eventual future damage to the apartment. The deposit minus the cost for repairs is refunded when you move out. The deposit is usually equivalent to several months’ rent.

Tip: Additionally, when you are visiting the apartment, do not be afraid of scrutinizing every aspect of the apartment. Look for cracks, bugs, dirty spots, and any other flaws.

Key money This is a non refundable payment to the landlord in the amount of up to several months’ rent.

Service fee This is a non refundable payment to the real estate agent in the amount of at most one month’s rent. In most cases, apartments come unfurnished, utilities are not included in the rent, and pets are not allowed. Please read more about Japanese apartments and furniture.

http://www.pghmovers.com/apartments.html Movers

Tip: Find out how much the rent is, and all the financial details therein. This is very important for comparing apartments.

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