Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
Typical requirements to sign a lease are:
• ID & Portuguese tax number
• Guarantor or additional rents as deposit
• Proof of funds (IRS, pay slips, letter from employer)
Standard Security Deposit
The security deposit is equivalent to 1-3 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.
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 is the preferred method of payment.
When moving to Portugal you may want or need to establish residency. Requirements may include:
• Tax identification number
• Social Security Number
• Registration at the town hall
It is advisable to connect with a local expert to identify any additional requirements and advise on support available to assist in meeting the local requirements.
Typical documentation required to obtain a driver’s license include:
• Proof of residency
• Proof of identity
• Valid driver’s license from home country
Depending on the nationality of the origin driver’s license, different forms of proof of residency may be required.
For an EU license, registration is required. For a non EU license, exchange is required after 90 days of establishing residency.
For exchange, the main document is a certificate of authenticity from the issuing driving authority.
In order to open a bank account, you may be asked for:
• Valid ID – Passport
• Portuguese tax number
• Proof of residence
• Proof of employment
• Initial Deposit (varies depending on the bank)
It may take 1-3 days for your account opening to be complete.