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12/20/2004

History of Rei kin

Rei kin
The naming of Rei kin came from ‘Thank you money’.
Where does Rei kin come from? – It is said that there are some origins:
People gave some thanks money to the house owners, during the period when people had hard time finding a house in Nagoya and Tokyo, etc.

Anyway this custom is very nice for the house / room owners, because they can get this extra income for nothing. Recently this custom disappears little by little.

What are the current situations in all around in Japan?
Sapporo in Hokkaido and Fukuoka in Kyushu: None
Tokyo: Decreasing. 30% are without Rei kin
Nagoya: Still remains, but less than before. There are some without Rei kin
Osaka, Kobe, Kyoto: Still remains. Shiki kin, Rei kin, Deposit are mixed up in these regions.

Anyway, Rei kin is going to disappear, which is very nice for borrowers. I hope one day we do not have to pay extra mean less money near the future!!

More info (only in Japanese)

Posted by Mari in Real Estate | No Comments »


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