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Minimum Rental Periods
The minimum rental agreement period is typically 1 year. Rent can be increased each year based on the market index.
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 1-2 months’ rent.
Local Norm for Returning the Security Deposit
The security deposit is returned after completion of inventory, inspection of outstanding refurbishments, and cleaning.
Outstanding payments for utilities, water, electricity, and repairs will be deducted if necessary.
Return of the deposit can take up to 45 days depending on when utility providers can send invoices for final calculation.
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 50% of 1 month’s rent plus 5% Value Add Tax (VAT).
Payment of Rental Commission
Payment of the agent’s rental commission is typically split between the tenant and landlord.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
School Fees
Generally, schools have an entrance fee which is non-refundable. Full tuition payment is made once the child has been admitted.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
Additional Notes
Pre-entrance and psychological tests are required in all schools.
Requirements
Typical documentation required to obtain a driver’s license include:
• Residency card granted at the immigration office (to receive a 1 year license)
• Paraguayan ID (to receive a 5 year license)
Additional Notes
The license test is administered in two parts: written/verbal and driving test. Blood and physco-technical examination required. Additionally, an eye examination may be required.
Required Documents
In order to open a bank account, you may be asked for:
• Copy of Passport
• Copy of work contract
• Copy of Paraguayan ID card
Time Required
Typically, opening a bank account can be completed same day.