Long-Term Housing

Minimum Rental Periods

The minimum rental agreement period is typically 1 year. All Leases must be negotiated in Bolivares and can only be paid in local currency.

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 secuity deposit is equivelent to 2-4 month’s 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 and repairs will be deducted if necessary.

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 2 months’ rent plus Value-Added 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 and check are acceptable methods of payment.

 

School Registration

School Fees

Typical school fees include registration adnd monthly tuition fees.

Accepted Method of Payment

Wire transfer and check are acceptable methods of payment.

 

Obtaining a Driver’s License

Requirements

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

• Venezuela ID
• Medical certificate
• 2 identification photos

 

Opening a Bank Account

Required Documents

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

• Resident ID Card
• Reference from your current bank
• Personal References
• Utility Bill
• Minimum deposit required by the bank

Time Required

It may take 7-10 days for your account opening to be complete.