Useful information for living in japan

Thursday, February 28, 2008

保証人/Hoshonin (Guarantor)

Most of the landlord requires a guarantor of the lessee. The guarantor has to take a responsible for the lesee's actions.
If the lessee fails to pay the landlord, or damages the apartment for any reason, the landlord has the right to ask the guarantor for compensation. Japanese people normally ask their parents or relatives to be their guarantor. There exist a guarantee company, and they will undertake a role instead of the guarantor. Non-Japanese residents who have difficulty finding a guarantor for their apartment rental, they can ask guarantee company by paying some amount of guarantee fee.

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