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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 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.
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.
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