Long-Term Housing

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.

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 or check are preferred methods of payment.

 

Local Requirements

Residency Requirements

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.

 

Obtaining a Driver’s License

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)

Additional Notes

No exam or previous license is required to obtain a driver’s license in Mexico. A license is valid for 3 or 5 years.

 

Opening a Bank Account

Required Documents

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

• Temporary resident or permanent resident visa
• Valid passport
• Original proof of address

Time Required

Typically, opening a bank account can be completed same day. Some branches may take longer depending on verification of documents.