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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.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inventory, 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 or check of a local bank are preferred methods of payment.
School Fees
Typical school fees include:
• Entrance fee
• Registration fee
• Annual technology fee
• Annual student activity fee
Costs vary depending on the school of choice.
Accepted Method of Payment
Wire or check of a local bank are preferred methods of payment.
Requirements
Typical documentation required to obtain a driver’s license include:
• Copy of Nicaraguan residence card
• Applicant must be older than 21 years old
• Certificate of approval of the theoretical and practical exams by the Transit Police Station Office and/or any center authorized but them.
• Certificate of examinations of vision and blood type with recent date, both emitted by the Nicaraguan Red Cross.
• License insurance policy
• Valid driver’s license from country of origin (can be expired but less than a year of expiration)
• BANPRO (Bank of Production) deposit slip of payment of 120.00 Cordobas in account number
• Psychological test (if first time applying for a driver’s license)
• $10 fee
Additional Notes
The process can take 8 hours in total and is not completed the same day. There typically are not English speaking employees available in the governmental office where the process is done so it is recommended to be accompanied by a translator if needed.
Required Documents
In order to open a bank account, you may be asked for:
• Fill in and complete application form
• 2 letter of reference from other banks (commercial or personal)
• Original and copy of valid passport or residency card
• Proof of residence
Time Required
Typically, opening a bank account can be completed same day.