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 within 30 – 45 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, check, and cash are acceptable methods of payment.

 

School Registration

School Fees

Typical school fees include:

• Monthly fee
• Incorporation / Enrollment fee
• Tuition fee

Costs vary depending on the school of choice.

Accepted Method of Payment

Wire transfer, check, and cash are acceptable methods of payment.

 

Obtaining a Driver’s License

Requirements

Typical documentation required to obtain a driver’s license include:

• Social Security Card
• ID with full name and date of birth
• Residential and postal address
• Driver’s license number
• Completed Application for Driver’s License
• Medical Certificate
• Valid driver’s license from home country

Additional Notes

New residents must obtain a valid Puerto Rico driver’s license within 90 days of establishing residency and may register to vote after 30 days. Vision, theoretical and practice exams are required.

USA valid driver’s licenses have full reciprocity and no test will be necessary. However you will will need your driving records, Social Security Card, 2 forms of proof of residence (rental agreement and utility bill or bank statement), current License, original birth certificate, or other documents as requested.

 

Opening a Bank Account

Required Documents

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

• Social Security Card
• ID with full name
• Residential and postal address
• Date of birth
• Driver’s license number
• Copy of lease agreement

Time Required

Typically opening a bank account can be completed in 1 day.