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Do you need a guarantor when renting? more save and guarantee solution<\/span><\/p>\n Not only in the past, when renting a house in Japan, it was necessary to have a guarantor, but now many houses are still required to have a guarantor to rent.\u00a0<\/span><\/p>\n <\/p>\n In a nutshell, a guarantor is a person who takes responsibility when something unexpected happens to a tenant or even pays for the rent when the tenant is unable to pay.\u00a0<\/span><\/p>\n <\/p>\n However, recently we often see the phrase “no guarantor” in the ads of real estate companies that have rental houses for foreigners. This is not because they trust you 100% without a guarantor. In case of long-term rental, many rental companies provide that you must use a “guarantor company” instead of a guarantor who is an acquaintance.\u00a0<\/span><\/p>\n <\/p>\n So what is the guarantee company? Why more and more of this type?<\/span><\/p>\n <\/p>\n What is guarantee company<\/span><\/p>\n It’s simply “the company that replaces the associated guarantor.”\u00a0<\/span><\/p>\n <\/p>\n By paying the initial fee (about 1 month’s rent) and, or monthly fee, you will be replaced by the guarantor by the guarantee company.<\/span><\/p>\n Why is the demand for guarantee company keeps getting higher by the day?<\/span><\/p>\n Both Japanese and foreigners face many problems with the guarantor mechanism.\u00a0<\/span><\/p>\n <\/p>\n One big problem, for example, is the aging of underwriters. Normally, the guarantor is usually required to be a parent or relative of the spouse, brother, sister… but there are cases when contacting the elderly guarantor, that person has died. That’s why there is no guarantee.\u00a0<\/span><\/p>\n <\/p>\n For foreigners, this is even more difficult because it is very difficult to find a sponsor, especially for newcomers to Japan. Not everyone can be a guarantor, in addition to needing to meet some mandatory conditions on relationships, income…\u00a0<\/span><\/p>\n <\/p>\n On the other hand, if the tenant regularly pays the rent late or voluntarily returns home, the landlord will suffer huge losses.\u00a0<\/span><\/p>\n <\/p>\n For these reasons, the service “guarantee company” was born. The guarantor company is also the unit that will collect rent from tenants, which will help landlords have a stable monthly rent and homeowners can have complete peace of mind.\u00a0<\/span><\/p>\n <\/p>\n Therefore, it can be said that the “no guarantor” mechanism is “can use the guarantor” and pay the fee on behalf of the guarantor.<\/span><\/p>\n About assessment and service fee<\/span><\/p>\n Not every payment is OK, the guarantee company will also perform an appraisal of the tenant’s records. The appraisal and according to which standard completely depends on the guarantee company.\u00a0<\/span><\/p>\n Some companies rely on credit card history or on past rental history.\u00a0<\/span><\/p>\n \u2460 Can the tenant afford to pay the rent? * Usually the rent amount is less than 1\/3 of monthly income.\u00a0<\/span><\/p>\n \u2461 The person who provides all necessary documents such as passport copy, status \/ duration of residence, residence card, work certificate, etc. The appraisal will be done based on these criteria.<\/span><\/p>\n Way to calculate the service fee<\/span><\/p>\n Usually, the initial cost is 50% to 100% of the total monthly rent (rent + management fee) Renewal fee 10,000 yen\/year\u00a0<\/span><\/p>\n <\/p>\n * In addition, in some cases, an additional monthly fee will be charged. Using guarantor companies has the disadvantage of being expensive, but in return you can sign a lease more smoothly than finding a guarantor.\u00a0<\/span><\/p>\n <\/p>\n Undoubtedly, for foreigners, using a “guarantor company” will increase the likelihood of being accepted for a rental compared to a guarantor you know.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Do you need a guarantor when renting? more save and guarantee solution Not only in the past, when renting a house in Japan, it was necessary to have a guarantor, but now many houses are still required to have a guarantor to rent.\u00a0 In a nutshell, a guarantor is a person who takes responsibility […]<\/p>\n","protected":false},"author":1,"featured_media":2313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,34,31],"tags":[],"acf":[],"aioseo_notices":[],"yoast_head":"\n