Essentials of a rental agreement termination in japan - PowerPoint PPT Presentation

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Essentials of a rental agreement termination in japan

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Title: Essentials of a rental agreement termination in japan


1
ESSENTIALS OF A RENTAL AGREEMENT TERMINATION IN
JAPAN
  • Click here for more details
  • http//realestateguide.tokyo/

2
  • Usually a rental agreement in Japan has a clause
    included that states that at the time of moving
    out of the rented property, it is the tenants
    responsibility to restore the apartment to its
    natural state before vacating it. This
    essentially implies that the tenant is bound to
    pay cleaning and restoration fees in lieu of any
    repair work or damage to the rented property.

3
  • In most cases, this fee is deductible from the
    security deposit that has been submitted by the
    tenant at the time of entering the rental
    contract with the landlord or realtor. If the
    deposit amount is not enough to cover the fee,
    tenant has to pay extra amount to the landlord.

4
  • However, it is not imperative that the tenant
    ends up paying the entire amount as demanded by
    the landlord. The restoration is applicable only
    if theres been a damage to the rented property
    either on account of tenant negligence or
    intentional harm. This fee is not applicable to
    general wear and tear of the property on account
    of daily use.

5
  • As per Japanese real estate law, the government
    allows for a specific fee to be chargeable to
    tenants for cleaning and restoration when they
    move out. In the event of the landlord demanding
    an amount higher to the specified amount, the
    tenant can dispute it and negotiate on the asking
    amount.
  • A rental agreement usually also includes a
    termination clause which states that a tenant can
    end the contract and move out of the apartment
    with an advance notice of a month or two.
    However, if the agreement includes a clause for a
    complete payment of the rent for the remaining
    contractual term in the event of an early
    agreement termination, then the tenant is liable
    to pay the amount in whole.
  • Hence, it is advisable for all tenants to
    understand all clauses and terms of a rental
    contract both for entering and exiting out of it.
    And it is equally important to ensure theres a
    termination clause duly mentioned in the
    contract.

6
Contact US
  • Phone
  • Tel. 81 (0)3-5348-4486 General
  • Fax 81 (0)3-5348-4487 Fax number
  • Email
  • http//realestateguide.tokyo/
  • contact_at_aonissin.com
  • Address
  • Aonissin Co. Ltd.
  • Kourin Building 7F
  • 1-13-19 Kita-Shinjuku
  • Shinjuku-ku, Tokyo
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