Rental Terminology Guide: The Basics of Daily Rent, Key Money, and Security Deposit

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Daily Ren(Hiwari Yachin)■

Daily rent is calculated when a rental agreement starts or ends partway through the month, based on the number of days you occupy the property.

Calculation Formula:

Example: If the monthly rent is ¥100,000, and you stay for 10 days in a 30-day month, the daily rent will be approximately ¥33,333.


Key Money (Reikin)■

Key money is a one-time payment made to the landlord as a gesture of appreciation for renting the property.

  • Amount: Usually equivalent to 1-2 months’ rent.
  • Refundability: It is non-refundable.
  • Recent Trends: Some properties no longer require key money.

Security Deposit (Shikikin)■

The security deposit is a refundable amount paid to the landlord at the start of the lease. It is used to cover any damages, unpaid rent, or cleaning costs, with the remaining balance returned to the tenant after moving out.

  • Amount: Typically 1-3 months’ rent.
  • Note: Cleaning and repair costs may be deducted before the refund.

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