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.

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 Registration

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.

 

Obtaining a Driver’s License

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.

 

Opening a Bank Account

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.