Long-Term Housing

Minimum Rental Periods

The minimum rental agreement period is typically 1 year.

Required Documents for Signing a Lease

Typical documents required to sign a rental contract include:

• Valid ID.
• Proof of employment

Standard Security Deposit

The security deposit is equivalent to 2 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 tthrough inspection. Any damages incured 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 collect rental commission equal to 50%-60% of 1 months’ rent if rent is more than 800 USD. If it is less than 800 USD the commission will be will be 1 months’ rent.

Payment of Rental Commission

The agent’s rental commission is typically paid by the tenant.

Accepted Method of Payment

Wire transfer, check, and cash are acceptable methods of payment.

 

School Registration

School Fees

Typical school fees vary from school to school and are likely to change each ademic year.

Accepted Method of Payment

Wire transfer or cash are accepted methods of payment.

Additional Notes

Depending on the school, it may be required for children to take a pre-entrance exam and do an interview.

 

Obtaining a Driver’s License

Requirements

Typical documentation required to obtain a driver’s license include:

• Bolivian ID (DNI)
• Bank deposit receipt
• Medical certificate
• Driving test approval certificate
• Police clearance certificate
• Driver’s license from country of origin

Additional Notes

Driver´s license from home country is valid until a resident ID is requested.

Driving tests must be taken in an accredited driving school. The courses and exams are in spanish exclusively. The driving test includes practical and theoretical knowlege.

 

Opening a Bank Account

Required Documents

In order to open a bank account, you may be asked for:

• Local ID or valid passport
• Utility bill from current home address
• 100 USD
• In some cases, a letter confirming the employer and planned time in the country, along with salary.

Time Required

Typically opening a bank account can be completed in 1 day, as long as all proper documentation is provided.

Additional Notes