Basic Housing Terminology

Public Relations Office        March 26, 2013

(1) Shikikin (security deposit)

Security deposit that is taken when you rent an apartment. A certain amount is usually deducted from the deposit when you vacate the apartment (Shikibiki system). If you damage apartment furnishings, you may be charged an additional fee beyond this security deposit.

(2) Reikin (key money)

Key money is paid to the owner upon renting the apartment. The amount is usually 1-2 months’ rent. This key money may or may not be returned when you vacate the apartment.

(3) Tetsukekin (deposit)

A deposit for renting an apartment. Once you pay this deposit, no one else can rent the room you reserved. Once you sign a contract for the apartment, this deposit will be used as part of the security deposit. Once you pay this deposit, it may or may not be returned if you decide not to rent the apartment.

(4) Kyōekihi (management fees)

Management fees are paid together with the monthly rent. These management fees are used for the electricity, cleaning costs, etc., of the common-use areas (corridor, entry hall, etc.) of a condominium or apartment building.

(5) Tesūryō (placement fee)

A placement fee is charged if you decide to rent an apartment through a private real estate agency.