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akazoroe
Joined: 12 Jan 2014 Posts: 9
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Posted: Fri Feb 28, 2014 2:02 pm Post subject: Guarantor / Rental question |
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Hey!
My wife and I are considering moving to either Miyazaki or Onomichi but dont have a guarantor for our rental. I will be finding a job/starting business after we arrive. We have a significant amount of money saved up and can easily pay a year or more rent in advance if that will eliminate the need for a guarantor.
Anyone know if this will work for us? I can imagine it not sufficing in a larger city like Tokyo but out in the more rural areas I was hoping it could work.
Thanks for your help. |
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Rooster.
Joined: 13 Mar 2012 Posts: 247
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Posted: Mon Mar 03, 2014 3:32 pm Post subject: |
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Sometimes it will, it really depends on the owner. You can also look for an apartment that doesn't need one or use a guarantor. |
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akazoroe
Joined: 12 Jan 2014 Posts: 9
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Posted: Sun Mar 09, 2014 3:04 am Post subject: |
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Thanks.
It seems ones that dont need a guarantor are pretty rare eh? |
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Rooster.
Joined: 13 Mar 2012 Posts: 247
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Posted: Thu Mar 13, 2014 3:09 am Post subject: |
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There are some, but they are rare. Smaller and more expensive. |
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mitsui
Joined: 10 Jun 2007 Posts: 1562 Location: Kawasaki
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Posted: Thu Mar 13, 2014 9:01 am Post subject: |
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I have heard of paying 50,000 in lieu of a guarantor.
It can happen up in Tokyo and I guess the rental company acts as a guarantor.
if your spouse is Japanese then you can live in UR housing, then you can get money back when you move out. |
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Tara2117

Joined: 14 Aug 2006 Posts: 89 Location: Gunma, Japan
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Posted: Sun Mar 16, 2014 8:42 pm Post subject: |
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There are guarantor companies which will be your guarantor for a price, usually equal to one month's rent on your place.
I've moved into two places using a guarantor company. It went down like this: I went to the real estate agent and found a place I liked. Then the landlord told us which guarantor company he wanted to work with. I applied to the guarantor company. They asked for my company name and salary, etc. I guess your salary determines whether you're accepted or not. Anyway, the guarantor company accepted me, I paid them one month's rent, and that was that.
The contract with the guarantor company was only for one year, in my case. I had to pay them again after a year. It sucks, but it's what you have to do if you want something other than a Leopalace.
I assume your wife is not Japanese? If she was, and had a family member willing to be guarantor, that'd be much cheaper. But I guess you already know that.
I'm not sure if you not yet having a job in your new city will affect your eligibility with the guarantor company or not. Your real estate agent can probably give you a better idea of whether that'll be a problem or not.
Good luck! |
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rtm
Joined: 13 Apr 2007 Posts: 1003 Location: US
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Posted: Sun Mar 16, 2014 9:39 pm Post subject: |
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Tara2117 wrote: |
I assume your wife is not Japanese? If she was, and had a family member willing to be guarantor, that'd be much cheaper. But I guess you already know that. |
That's a good point that the guarantor doesn't need to be a company. I've had friends act as my guarantor before. |
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