Japan's UR Housing: A Simpler Fee Structure for Expats
UR housing in Japan is an attractive option for expats due to its simpler fee structure compared to traditional rentals. While it doesn't eliminate upfront costs, UR removes key money, agent fees, guarantor requirements, and renewal fees.
The main advantage of UR housing is the absence of these fees, but it's essential to note that a deposit and prorated rent are still required. The typical deposit for UR housing in Japan is around two months' worth of rent, although some campaigns may offer reduced deposits.
Applicants must meet eligibility requirements, which include being a Japanese national or foreign national with the right residence status. They must also have sufficient funds available in Japanese yen and prepare required documents, such as a residence card or special permanent resident certificate, proof of income, and a bank balance certificate if applying under the savings-based route.
UR housing costs vary depending on factors like location, size, and amenities. The provided example budget for a UR move-in calculates that a sample monthly rent of ¥100,000 and common-service charge of ¥5,000 would result in prorated charges. Starter setup costs can add up, but Wise may help convert money into Japanese yen to cover the expenses.