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Minimum Rental Periods
The minimum rental agreement period is typically 1 year renewable automatically unless landlord is notified otherwise in writing with a 30 days notice. Rent can be increased each year per market index which varies from 2.5% to 5%.
Required Documents for Signing a Lease
Typical documents required to sign a lease are a valid passport and proof of employment.
Standard Security Deposit
The security deposit is equivalent to 1 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inspection. The landlord will retain from the security deposit penalties and amounts for any necessary repairs.
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.
Payment of Rental Commission
The agent’s rental commission is typically paid by the landlord.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
School Fees
Typical school fees include:
• Entrance fee
• Monthly tuition fee
Accepted Method of Payment
Wire transfer, check, and cash are accepted methods of payment.
Additional Notes
In El Salvador, public education is free and compulsory up tot he 9th grade or age 14.
Private and International schools are also available. Tuition at International schools tend to be higher than bilingual schools with an American system.
Requirements
Typical documentation required to obtain a driver’s license include:
• Copy of valid passport
• Work permit or temporary residence permit
• Valid driver’s license from country of origin
• Visual test
• Payment of application fee
It is possible to drive up to 3 months from arrival utilizing a driver’s license from home country.
Required Documents
In order to open a bank account, you may be asked for:
• Copy of passport
• Copy of employment letter
• Residence card with work permit
• Local tax identification number
Time Required
Typically opening a bank account can be completed in 1 day.