Use of a Guarantee Company or a Joint Guarantor for JKK
To apply for a JKK apartment, you must use a guarantee company or provide a joint guarantor.
Guarantee Company
A guarantee company is a firm that acts as a substitute for the joint guarantor required when signing a rental housing lease.
In JKK Tokyo, you can use a guarantee company in place of a joint guarantor if you meet certain conditions.
By using a guarantee company, a joint guarantor is no longer required.
Please note that for corporate leases, the use is mandatory. (This requirement does not apply to listed companies, etc. More Information listed companies, etc. [PDF: 264KB] )
This is not an “insurance service.” Rather, it involves the guarantee company making advance payments in the event the tenant defaults on rent or other payments; therefore, the tenant is required to repay that debt to the guarantee company.
JKK also offers a deposit plan, allowing you to keep your initial moving-in costs low.
A Joint Guarantor
Qualifications for a joint guarantor are as follows
A joint guarantor must meet all of the following requirements(A to G):
- A. A blood relative within the third degree of kinship of the applicant.
- B. An adult with a stable, continuous income.
- C. A resident of Japan.
- D. A person who will not reside in the JKK Tokyo rental housing applied for.
- E. A person who is not currently a resident of rental housing managed by JKK (except when utilizing special exceptions regarding monthly income criteria).
- F. A person who is not already acting as a joint guarantor for any other tenant in a rental property managed by our company.
- G. A person who is not the spouse of the applicant or any of the applicant’s co-residents
Notes:
- Your friend cannot be your Joint Guarantor
- If an incoming resident is already acting as a joint guarantor for someone living in JKK housing, you must either use a guarantee company or change the joint guarantor.
- Blood relatives within the third degree of kinship include parents, children, grandparents, grandchildren, siblings, great-grandparents, great-grandchildren, uncles/aunts, and nephews/nieces.
