Long-Term Housing

Minimum Rental Periods

The minimum rental agreement period is 1 year for an apartment and 2 years for a house.

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 2 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. Return of the deposit can take up to 30 days.

Rental Commission

Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission from the landlord. Lesees are not required to pay rental commission.

Payment of Rental Commission

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

Accepted Method of Payment

Wire transfer and checks are acceptable methods of payment. The preferred currency is EUR or HUF.

 

School Registration

School Fees

Typical school fees include:

• Registration fee
• Tuition fees
• Admission fee
• Application fee

Accepted Method of Payment

Wire transfers are the only accepted method of payment.

 

Obtaining a Driver’s License

Requirements

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

• Valid Passport
• Valid driver’s license from country of origin
• Residence permit
• Medical certificate from a doctor

Additional Notes

A valid driver’s license from the origin country can be used to drive in Hungary for 1 year from arrival. After this time, it must be exchanged for a Hungarian license.

 

Opening a Bank Account

Required Documents

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

• Valid ID
• Residence permit
• Address card
• Hungarian Tax Number

Time Required

Typically, opening a bank account can be completed same day, as long as all required documentation is provided.