If you are planning to live in Japan, having enough money should be your first priority.Curious about how much it is? Take a look at this article and you will know more about renting in Japan.
The reason why is because the initial cost for rent in Japan is very expensive.
How expensive is it? Listed below are the estimated fees:
Rent and Other Fees: (to be discussed further below)
|Japanese||English||Amount in ￥|
|管理費||Common Service Fee||0 ~ 20,000 or more (depends on the landlord)|
|敷金||Security Deposit||0 ~ 2 months (depends on the landlord)|
|礼金||Honorarium||0 ~2 months or more|
|仲介手数料||Brokerage Fee||1 month plus 10% tax|
|火災保険2年||Fire Insurance||12,000 ~ / 2 years|
|保証人制度||Guarantor System||20,000 ~ plus 10% tax / 1 year (renewal will be cheaper)|
|安心入居サポート*||Reliable Customer Support Insurance||15,000 ~ plus 10% tax / 2 years|
For example, if you found a house like this, the approximate initial fee will be as follows:
Rent and Other Fees: (sample computation)
|Rent (pro-rated fee for 1st month + next month’s full amount)||23,000*+46,000=69,000|
|Common Service Fee (move in month + next month)||1,750*+3,500=5,250|
|Brokerage Fee||46,000+10% tax=50,600|
|Fire Insurance||15,000/2 years|
|Guarantor System||33,000+10% tax = 36,300/1st year (12,000+10%tax/ 2nd year ~)|
|Reliable Customer Support Insurance***||15,000+10% tax = 16,500/ 2 years|
**Usually honorarium will be charged by the age of the building
***This is a mandatory item in my rent contract
※For Fire Insurance/ Guarantory System/ Reliable Customer Support Insurance, those will be shown after you decide to rent. The example above is my current contract fees.
The total initial fee will be ￥192,650
If you found a newer house and it needs security deposit and honorarium, the total initial fee will increase because you need to pay at least 2 ~ 3 months rental fee in advance.
The disadvantage of this system is that no matter how long you are going to live in the same house, once the rent contract expires (usually it is 2 years contract), you need to pay a renewal fee which is around 20,000 or more. The renewal fee is decided by the management company.
Think twice before planning to move to another place because you need to pay these rent and other fees again. Usually, Japanese landlords are not willing to lend their house to a foreigner. But it is easier to find a house in big city, such as Tokyo or Osaka.
Living in Japan is not a walk in the park.