All Entries in the "Key money and deposit money" Category

Key money and deposit money

What is key money (reikin) and deposit money (shikikin) and how do they work?
Definition of Key Money
Key money (or ‘gratitude money’) written in Japanese is 礼金 (reikin). The first character means ‘thanks’ or ‘gratitude’ and the second character means ‘money’. In Japan it is a non-refundable payment and can often be about the same [...]