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Guarantor / Rental question

 
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akazoroe



Joined: 12 Jan 2014
Posts: 9

PostPosted: Fri Feb 28, 2014 2:02 pm    Post subject: Guarantor / Rental question Reply with quote

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

PostPosted: Mon Mar 03, 2014 3:32 pm    Post subject: Reply with quote

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

PostPosted: Sun Mar 09, 2014 3:04 am    Post subject: Reply with quote

Thanks.
It seems ones that dont need a guarantor are pretty rare eh?
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Rooster.



Joined: 13 Mar 2012
Posts: 247

PostPosted: Thu Mar 13, 2014 3:09 am    Post subject: Reply with quote

There are some, but they are rare. Smaller and more expensive.
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mitsui



Joined: 10 Jun 2007
Posts: 1562
Location: Kawasaki

PostPosted: Thu Mar 13, 2014 9:01 am    Post subject: Reply with quote

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

PostPosted: Sun Mar 16, 2014 8:42 pm    Post subject: Reply with quote

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

PostPosted: Sun Mar 16, 2014 9:39 pm    Post subject: Reply with quote

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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