Good news for tenants and bad news for landlords in Japan: A change in the traditional transaction customs in the residential and commercial rental market in Japan is underway which is putting more power on the tenants' side.
The various fees usually paid by a tenant such as security deposits (shikikin) and key money (reikin) are decreasing. Japan's declining birth rates, decreasing population, oversupply of housing and the growing awareness of consumer rights have put an end to the era where landlords once held all of the power.
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