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International renting is different and more complicated than
renting in the United States. While there are private enterprises
that can help you locate housing, the “finder’s fee” may be substantial.
If you are a servicemember, you must consult the housing office
on the installation before renting. Only property that is approved
may be rented. The office keeps a list of approved and off-limits
housing.
One of the biggest surprises to many Americans is discovering
just what is included in an international home or apartment rental.
In fact, you may be renting little more than four walls. Kitchen
cabinets, toilet seats and appliances may be among the special
needs you are expected to supply. In addition, international homes
and apartments often have no built-in closets, so you will be expected
to provide your own storage areas. Some items considered routine in
the United States, such as window screens, heating and air conditioning
systems and even telephone service may not always be available.
Other differences in international renting:
- Landlords are accustomed to long-term renters, so they are
likely to require a generous advance notice of departure — 90
days is customary.
- In some Asian communities, landlords expect to receive “key money,”
a nonrefundable payment equal to 2 months’ rent.
- In some countries, renters must maintain rented homes and apartments
much more meticulously than in the United States.
Changing Currency Values
Remember that foreign currency values fluctuate daily. Over a period
of months or years, the change can be substantial. Before you negotiate
your rent, research the prevailing currency values to determine if they
are comparatively high or low to the dollar. While the value of your
dollars will change during your residency, the rent should remain set
at the foreign currency rate specified in your lease. In only a few months,
a rent which seemed quite reasonable when the dollar was especially strong
can become prohibitive.
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Selling A Home
Selling A Home
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