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 valid passport and proof of employment.
Standard Security Deposit
The security deposit is equivalent to 1 months’ rent for an unfurnished apartment and 2 motnhs’ for furnished.
Local Norm for Returning the Security Deposit
The security deposit is returned with 60 days of lease termination, completion of inventory and inspection of the unit.
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 or check are preferred methods of payment.
When you moving to Mexico you may want or need to establish residency. Requirements may include:
• Work permit
• Register at the Federal Taxpayer Registry
It is advisable to connect with a local expert to identify any additional requirements and support available to assist in meeting the local requirements.
Typical documentation required to obtain a driver’s license include:
• Valid passport
• Temporary resident or permanent resident visa (work permit)
• Proof of address (phone or utility bill)
No exam or previous license is required to obtain a driver’s license in Mexico. A license is valid for 3 or 5 years.
In order to open a bank account, you may be asked for:
• Temporary resident or permanent resident visa
• Valid passport
• Original proof of address
Typically, opening a bank account can be completed same day. Some branches may take longer depending on verification of documents.