Japanese Property Glossary
T
tetsukekin -Deposit Payment
Deposit Payment(手付金) is the money paid when signing a purchase contract, intended to stabilize the legal relationship and secure the contract. Paying deposit payment helps ensure the commitment between both the buyer and the seller. Although the maximum deposit payment is typically set at 20% of the sale price, the usual range is between 5% and 10% of the total sale price.
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