Renting a house in Panama

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Jtspt#future2016 Member

Member since 15 February 2016

Jtspt#future2016Member03 January 2017 04:32:56

Will be renting a house in Volcan.
Would it normally be done the same as here in the U.S.?
After agreeing on the monthly rate, I would be required
to pay first month's rent, last month's rent, and one month's
rent as a security deposit, which would be refundable at
termination less any damages to the property, which is
standard practice here.

kristc99 Serial expat

Member since 09 December 2012

kristc99Serial expat03 January 2017 15:55:08

881

I'm renting and was asked to pay the first months rent, and the equivalent for a security deposit. If I moved out in less than 6 months I would lose the security deposit. But, I think every landlord can write up any agreement that works for both of you. Just be sure you read and understand the document before signing.

kristc99 Serial expat

Member since 09 December 2012

kristc99Serial expat03 January 2017 15:56:56

881

You are in St Pete, FL? We moved here from Sarasota. Small world!

Jtspt#future2016 Member

Member since 15 February 2016

Jtspt#future2016Member04 January 2017 01:38:17

Much thanks, and yes, it's a small world.

tntrumbull Member

Member since 06 January 2014

tntrumbullMember07 February 2017 03:43:31

HAVE ANY PRINTED RENTAL AGREEMENT TRANSLATED TO ENGLISH!!! I had ours translated and what it said was horrible. Got it changed to reasonable USA style agreement by our local attorney and the renter was glad to agree. DO NOT sign anything before an English translation.

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