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 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 50%-100% of 1 months’ rent plus 19% Value-Added Tax.
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 is the preferred method of payment.
When moving to Romania you may want or need to establish residency. Requirements may include:
• Work and residence permit
• Entry Visa
• Registration with the immigration office.
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.
A foreign license is only valid for 90 days. It is advisable for expats to obtain an international driver’s license from their country of origin before relocating to Romania. If an international driver’s license is not obtained, it is necessary to exchange or convert your origin country driver’s license for a Romanian one. This exchange process can take up to 2 months and you may be required to provide the following documentation:
• Origin country driver’s license (translated and legalized)
• Valid passport
• Local residence certificate
• Medical certificate
• Government fee of 68 RON
In order to open a bank account, you may be asked for:
• Valid Passport
• TIN Number
• Proof of residence (local address)
Typically opening a bank account can be completed in 1 day.