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Minimum Rental Periods
The minimum rental agreement period is typically 3 years.
Required Documents for Signing a Lease
Typical documents required to sign a rental agreement include:
• A valid Passport
• Proof of Funds
• Possibly letter of employment
Standard Security Deposit
The security deposit is equivalent to three months’ rent. However, it could be up to six months’ rent.
Local Norm for Returning the Security Deposit
The security deposit will be returned upon termination of the lease and completion of a walk through inspection. Any damages incurred will be deducted from the returned security deposit.
Rental Commission
Should you utilize the services of a real estate agent to help you in your search, agencies usually charge 1 month’s rent plus 20% VAT for a contract up to 3 years. For a rental contract longer than 3 years, the charge is 2 months rent plus VAT.
Payment of Rental Commission
The agent’s rental commission is typically paid by the tenant.
Accepted Method of Payment
Payments are first by wire transfer before the rental period starts. After that payment is by standing orders or direct debit.
School Fees
Typical school fees include:
• Registration fee
• Tuition fee
• Admission fee
• Application fee
Some schools will have fees for additional services such as meals, extracurricular events, etc.
Accepted Method of Payment
Bank transfer, standing orders, and direct debit are acceptable methods of payment.
Residency Requirements
When moving to the Austria you may want or need to establish residency. Requirements may include:
EU Citizen
• Town hall registration
• Residence certificate
Non-EU Citizen
• Work and residence permit
• Town hall registration
• Residence certificate
It is advisable to connect with a local expert to identify any additional requirements and advise on support available to assist in meeting the local requirements.
Requirements
Typical documentation required to obtain a driver’s license include:
• Original, Non-EU driver’s license (must be exchanged within 6 months of arrival, original and 2 copies)
• Completed application form
• Registration of residence (original and 1 copy)
• Medical report
• Translation of driver’s license/international driver’s license (if applicable)
• Passport (original and 2 copies)
• Visa or Work permit
• 1 passport photo (36-45mm x 28-35mm)
Required Documents
In order to open a bank account, you may be asked for:
• Valid passport
• Proof of residence
• Proof of employment
• Tax number in home country
Time Required
Typically opening a bank account can be completed in 1 day.