Regarding living In Japan, it is common for landlords to require tenants to have a guarantor company when you rent a house. This is because the guarantor company acts as a co-signer for the lease, ensuring that the rent will be paid even if the tenant is unable to do so. The guarantor company fee is a one-time fee that is paid when you sign the lease. The fee is a part of the total initial move-in cost and typically equal to 50% to 100% of one month’s rent.
Here are some of the reasons why landlords require guarantor companies before they allow tenants renting house:
- To protect themselves from financial loss if the tenant defaults on the rent.
- To ensure that the tenant is able to meet their financial obligations.
- To reduce the risk of having to evict a tenant.
If you are a foreign national who is planning to rent an apartment in Japan, you will most likely need to use a guarantor company. There are many different guarantor companies in Japan, so it is important to shop around and compare fees. You should also make sure that you understand the terms of the contract before you sign it.
Here are some things to keep in mind when choosing a guarantor company:
- The fee that the company charges.
- The coverage that the company provides.
- The company’s reputation.
- The terms of the contract.
Once you have chosen a guarantor company, you will need to provide them with some information about yourself, such as your name, address, and employment history. The guarantor company will then review your application and decide whether or not to approve you.
If you are approved, you will need to pay the guarantor company fee to rent the house Japan. Once you have paid the fee, the guarantor company will act as your co-signer for the lease. This means that if you are unable to pay the rent, the guarantor company will pay it for your living.
I hope this information is helpful. Please let me know if you have any other questions.
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