- English definition: Security deposit (when renting an apartment)
Real Estate Japan‘s word-of-the day for January 6, 2019
Good to know
- Shikikin or deposit is required for most long-term apartment lease contracts and is usually equal to one or two months’ rent.
- Some luxury apartments may require as much as six months’ rent as a deposit.
- Your landlord is required to return your deposit to you when you vacate the property, after deducting for cleaning costs and any damage beyond normal “wear and tear” (what counts as wear and tear in Japan?). For a detailed explanation of this, please see: How to avoid getting into a dispute with your landlord over your rental deposit: Living in Japan
- It’s possible to find long-term apartments that don’t require a deposit. Please see: No deposit apartments in Japan
- Many short-term apartments in Japan do not require a deposit, but newer and/or higher-end properties do. Please see: No deposit short-term apartments in Japan
Yesterday’s Word-of-the-Day: MADORI – 間取り- Room Layout
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