If you are living in Japan, you have to know about deposit cost. Security deposit, known as “shikikin” in Japanese, is a mandatory fee that tenants must pay before signing a lease and move-in a new rental house in Japan. Let’s explore what the deposit money means and why it is always required in the total inital move-in cost when you rent a house in Japan. Here’s a breakdown of the security deposit rent house Japan:

– Purpose: Deposit is a refundable amount paid by the tenant to the landlord at the start of the rent contract in Japan. It acts as a security for the landlord against potential damages to the house, unpaid rent, or cleaning costs when the tenant moves out. It is a part of the total initial move-in cost when renting house.

– Amount: Typically equivalent to 1-3 months’ rent, but can vary depending on the property, assets in the house, location, renter profile, etc… depending on the landlord’s perception of potential risk.

– Refundable: Unlike key money, the security deposit is generally refundable at the end of the lease, minus any deductions for damages beyond normal wear and tear, unpaid rent, or cleaning fees. After rental guest moves out of the house, the landlord will examines the house. If there is not any thing occurred, the landlord will return fully deposit to the renter.

Key things to remember about the security deposit:

– Deductions: Landlords can deduct costs for repairing damages caused by the tenant, cleaning the property, or covering any unpaid rent. It’s crucial to understand what constitutes “normal wear and tear” to avoid unexpected deductions.

– Refund process: The refund process and timeline can vary. It’s essential to clarify this with the landlord or property management company before moving out.

In summary, the security deposit is a refundable amount paid by the tenant to the landlord as security. It’s separate from key money and is used to cover potential damages, unpaid rent, or cleaning costs. Understanding the terms and conditions about initial move-in related to the security deposit is crucial when you rent house in Japan.

While a security deposit is required, Jasmine Court strive to offer the most competitive rates in the market.

Explore Jasmine Court’s rental properties https://jasminecourt.jp/properties/

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