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Minimum Rental Periods
The minimum rental agreement period is typically 1 year.
Required Documents for Signing a Lease
There are no set standards for required documentation to sign a lease.
Standard Security Deposit
The security deposit is equivalent to 1-2 months’ rent.
Local Norm for Returning the Security Deposit
Typically, the landlord has 30 days to return the deposit. However, it is more common to have the deposit returned after all the outstanding utility bills have been settled. This may take up to 2 months. Any damages detected during the check-out inspection will be deducted.
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 or 10% of the annual rent.
Payment of Rental Commission
Rental commission is typically paid by the landlord.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
School Fees
Schools typically require a registration fee around 300-1000 USD.
International school tuition ranges from 3000 – 8000 USD per term.
Accepted Method of Payment
Wire transfer, check, and cash are acceptable methods of payment.
Additional Notes
International schools often have a wait list for entry so it is important to apply for a spot as soon as possible. When applying, you will require your child’s birth certificate and a copy of their school records. Your child may be required to visit the school and complete an assessment.
Requirements
Typical documentation required to obtain a driver’s license include:
• Copy of a valid passport
• Copy of valid visa
• Origin country driver’s license
Additional Notes
International driver’s licenses are accepted for 6 months, then must be converted to a local driver’s license. National driver’s licenses need to be certified and translated prior to the conversion process.
Depending of the country of origin you may be required to pass a test.
Required Documents
In order to open a bank account, you may be asked for:
• Valid Passport
• Work Permit
• Proof of address
• Confirmation of employment / income
Time Required
Typically opening a bank account can be completed in 2 days.