Renting an apartment involves upfront costs—security deposits, key money, agency fees, and advance rent—that come due all at once. Many people think, "My bonus is coming, so I'll move," but mistiming can lead to double rent situations or depleted savings. This article explains how to plan your finances when timing a move around a bonus payment.
Understanding Moving Initial Cost Benchmarks
Initial costs for a rental lease typically run 4–6 months' worth of rent. For example, a ¥80,000-per-month apartment requires ¥320,000–¥480,000. Here's the breakdown: