How to get a Guarantor renting apartments in Japan, Is it Needed?
Who can be your guarantor in Japan? Find out how to get a guarantor to rent an apartment in Japan and if you need one.
What is a Guarantor Cosigner?
This is someone who is willing to cosign for your apartment and take responsibility for the rent. This is insurance for the landlord. The requirements of being a guarantor here in Japan are that they must be over 20 years of age. They also need to be a Japanese citizen. In some cases a permanent resident that is in Japan who speaks fluent Japanese can be as well.
Do I need a guarantor cosigner?
No, more than half of the apartments in Japan require one. If you do not have one there is nothing to worry about. It just means that you'll have a lower selection of apartments to choose from. You will need a guarantor however for very special circumstances. For example if you cannot show any proof of income, employment or savings.
What Is a Guarantor Company?
This services is a rough translation to something called the hosyo gaisha. It is needed to receive an apartment here in Japan. The service acts as the insurance for the rent to be paid. These companies are the ones who will be processing your information in the beginning and will either accept or deny your application. This services is part of your initial fees and the cost is between 30% to 130% of your rent. In most cases the cost will be 50%. Either the landlord or management company will have a set of guarantor services that they use. You do not get to choose the company yourself.
Do I need to go through a guarantor company?
99.9% of all the apartments in Japan require this so yes.
If I have a guarantor cosigner do I still need to go through a guarantor company?
Generally yes, it is a common misunderstanding that if you have a cosigner you do not need to pay for the service. Usually the cosigner is required from the guarantor Company not the owner of the apartment. So usually you have to pay for the guarantor Service even though you have a cosigner. To most people this doesn't make any sense. Why do you have to pay for the service when you already have a guarantor. The reason for this is that the companies are the ones that take responsibility for the rent. So basically they call the shots for approval.
Is it possible to not pay for the guarantor service?
It is still possible to find a deal where you do not need to pay a guarantor company fee. Keep in mind that is rare so you shouldn't count on it. Sometimes owners will have deals where they will pay for the fee to get tenants with a lower upfront cost. A even more rare thing is that if you have a cosigner owners have the choice to not go through a guarantor company. This is possible only in very special circumstances. Owners almost will never take the risk.
Foreigner Services In Japan
Some apartments give you the opportunity to go through a foreigner friendly service which has English services. Keep in mind that this service is usually twice as expensive as a normal Japanese company. Also keep in mind that there is very little communication between you and the company. Here at Gaijin Apartment Helper we will help you through the process with the Japanese companies.