Living in Tokyo

What does it really cost to get set-up in a Japanese apartment?

With the amount of packaging on everything you buy, what to do with the garbage is one of the first questions many new residents ask. Answering it provides an insightful dive into Japanese culture on many levels, from the quality of presentation to the philosophy of thrift (mottanai) , and your building, community and bureaucracy mindset.

Upfront and Monthly Rental costs.

Part tradition, part embedded way of life, the upfront costs of renting an apartment in Japan are significant, which is why if you are only here for a stay of weeks or months, you should consider options such as short-term rentals.

The monthly rent usually includes a building amenities charges (共益費) to cover items such as cleaning common areas and elevators, but sometime it is listed separately.

In addition, there are usually a number of upfront costs when renting in Japan. The good thing is with Hikari Homes, in many cases we can negotiate on the Key money, Security Deposit and Guarantor, and also have listings where they are not required or are lower than the norm.

 

Monthly rental fee

Rent is paid a month in advance. It includes the common area fee.

 

Upfront and end of contract fees:

Key money (Reikin): A non-refundable deposit, usually one to three months’ rent.
Security deposit (Shikikin): A refundable deposit, typically one to two months’ rent.
Agency fee (Chukai-tesuryo): Real estate agent’s fee, usually one month’s rent.
Renewal fee (Koshinryo): A fee paid to renew the lease, usually one month’s rent.
Fire insurance (Kasai hoken): Legally required insurance to cover fire, water and weather damage to the building.
Refurbishing fee (Shikibiki):   A non-refundable portion of the Shikikin to cover refurbishing after you leave.