Key Money(礼金・Reikin)

Real estate glossary

Key Money(礼金・Reikin)

Money paid as a gift by the tenant to the landlord before moving in. Historically, this money was paid as a token of gratitude during a time when housing was in short supply. It is usually equivalent to 1 to 2 months rent and is non-refundable. Recently, there are also properties that do not require the payment of key money.

Same category term