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Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
There are no set standards for required documentation to sign a lease.
Standard Security Deposit
The security deposit is equivalent to 1-3 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after lease termination, completion of inspection, cleaning, and payment for final utilities.
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 5%-10% of the annual 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:
• Registration fee
• Tuition fee
• Admission fee
• Application fee
Accepted Method of Payment
Wire transfer, check, and cash are accepted methods of payment.
Requirements
An origin country driver’s license needs to be converted to a local license within 1 month of arrival.
Additional Notes
Please note that an International Driver’s License is issued in the country of origin.
Required Documents
In order to open a bank account, you may be asked for:
• Valid ID
• Valid passport
• Work permit
Time Required
Typically opening a bank account can be completed in 1 day.
Additional Notes
Generally there is limited use of credit cards.