Apartments For Rent In Tokyo For Foreigners – Affordable! | FAIR Work in Japan

Now, you already have an idea about the difference between a short-term rental and a long-term rental. So, what are the fees that you need to prepare for a long-term rental? Primarily, there are four.

4 Different Fees For Long-Term Rentals

Reservation Fee

This is an assurance for the lessor that you will really rent the apartment, and a guarantee for you that the lessor will not give the apartment to someone else. You will be refunded for this fee after signing the rental agreement. However, the reservation fee does not apply to some apartments for rent in Tokyo.

Deposit

This is likened to a one or two months advanced payment used to shoulder future repairs on the damages you might have made while renting. Deposit is also used for cleaning services and minor makeover inside the apartment.

Service Fee

This is the fee that you need to pay if you prefer to hire a real estate agent who will look for an apartment for rent on your behalf. Clearly, this is a non-refundable payment. 

Key Money (reikin)

Literally means gratitude money, this is the amount that normally is equivalent to a one or two months rent and is given to the lessor as an appreciation for them letting you rent their apartment. So then, this is a non-refundable fee.

Additionally, to help you choose a budget-friendly apartment for rent in Tokyo, we came out with this top list.