About Key money (Reikin) #2

  • Tokyo Property News

    About Key money (Reikin) #2


    #2 History of “Reikin” (Key money)

    When explain about key money, we need to calculate the history backwards.

    Slide back into after the war, Key money(Reikin) originally was the “present money” to the landlord to whom rent out their house to the kids coming to Tokyo.
    At the time after the war, there were mostly wilderness land was running over the city and the house or home where people can live was limited.
    Especially for the family living in the local who willing to let there children study abroad to the city, finding the house becomes “competition” between other family and to pass through this competition, parents gave some “Addtiional money” as “thank you money” and this currently recognize which become as origin of key money.

     

    Wilderness land after the war

    Wilderness land after the war

     

    Because at the stage around after the war, the role of house and landlord is not only to rent out their property but to look after their children to take care because there was no one who can help in case if there children got into troubles, this key money also have recognition to have understanding to help their children when they got into any troubles after they arrive in the city.

    After re-development of the city and apartments, houses are begin to build, number of family and people are start finding their home and return into their comfortable life.
    But because this habit were deeply on going and left as “ordinary” process when people rent their home, the time keep slide with leaving this habit until recent time.

    Recently, key money becomes more like “present money” to the landlord and sometime recognize as free gift when they rent out their property.
    Because there were no role cover to this money, recently not only the person coming from abroad but domestic also start arguing about why this system is still left.
    This system is still going as traditional habit but if this money will not cover any role to the people, Future of this key money may be unexpected.

    –end

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