What is Shiki kin / Rei kin?
Would you like to rent a room? How much would you pay for it? JPY 80,0000/Month?
Be careful: You will probably have to pay JPY 400,000 for the first month charge. But why do you have to pay so much?
There is a kind of money system when renting a room in Japan (It depends on the region). The name is Shiki kin / Rei kin.
Shiki kin?
This is Deposit. It should be returned when the contract expires. However, in many cases, the owner of the room will charge you for the damage of the room. The charge is deducted from Shiki Kin. Now the system is changing and some people say this system will disappear in some years.
Rei kin?
This is Key Money. It won’t be returned.
- Next post will include detailed hisotry and Law information
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