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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 lease are a passport or other valid ID.
Standard Security Deposit
The security deposit is equivalent to 1-2 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inventory, inspection of outstanding refurbishments, and cleaning.
Outstanding payments for utilities, water, electricity, and repairs will be deducted if necessary.
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 1 months’ rent + 21% Value-Added Tax.
Payment of Rental Commission
The agent’s rental commission is typically paid by the tenant.
Accepted Method of Payment
Wire transfers are the preferred method of payment.
Residency Requirements
When you move to Czech Republic you may want or need to establish residency. Requirements may include:
EU Citizens
• Register with the labour office
• Register with the foreign police
• Obtain EU residence permit (optional)
Non-EU Citizens
• Register with the labour office
• Register with the foreign police
• Work and residency permit
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 driver’s license
• Two recent passport photos
• Resident card
• Passport
Additional Notes
EU citizens do not have to change their driver’s license and can drive with a valid EU driver’s license. Non EU citizens are required to change their driver’s license in 90 days (if residing for more than 1 year).
Driving is conducted on the left side of the road. It is suggested to get your International Driving Permit in the home country, prior to arrival.
Required Documents
In order to open a bank account, you may be asked for:
• Valid passport/ID
• Employment contract
• Proof of residence
• Initial deposit (varies depending on the bank)
Time Required
Typically, opening a bank account can be completed the same day. Bank cards are issued within 7 days.
Additional Notes
Other services, such as, credit cards, bank loans, etc. can be provided by the banks after fulfilling certain conditions (income, length of stay, etc).