Dedicated to providing you with credible information about living overseas
Best Places In The World To Retire Community Questions and Answers about living and retiring abroad

Questions & Answers

Q & A Menu Q & A BY TOPIC
To navigate, use menu bar to the left
Carlos Roman Gutierrez Solis of Casa Granada Properties – Best Places In The World To Retire User Account
Entry way in a home in the colonial city of Grananda, Nicaragua – Best Places In The World To Retire – International LivingWhen renting a house or apartment in Nicaragua, it is good to hire an attorney as an adviser, but hiring one is not required to write up and finalize the contract. The attorney would help you understand the rental contract, especially if it is written in Spanish, to determine if everything makes sense so you can go ahead and sign it. The rental contract is a private agreement between the renter and renting parties, in which the contract states the rental period and cost.
 
Even though rental contracts in Nicaragua are usually written in Spanish because this may be used in court when there are disputes, make sure that you are given a version in English so that you know what you are signing. 
 
There are no fixed rates for hiring an attorney to review a rental contract and the cost may range from US $20 to $50. You are being ripped off if an attorney charges more than $100 to review a rental contract.
 
(Entry way in a home in the colonial city of Granada, Nicaragua, pictured.)
Frank Martínez of DISCOVER Real Estate – Best Places In The World To Retire User Account
beach house near Leon, Nicaragua – Best Places In The World To Retire – International Living
You do not need to hire an attorney if you are going to rent a house or apartment in Nicaragua. All the proper contracts are read and drafted by the owners and the real estate agents. These pretty much have the requirements for the tenant so you really do not need a lawyer. If you want to buy a house, however, then we suggest that you hire a lawyer.
 
(Beach house in a gated community, Leon, Nicaragua, pictured.)
John-Marc Gallagher of Granada Property Services – Best Places In The World To Retire User Account

If you are going to rent for a long time in Nicaragua, you have to have a contract. An attorney will draw up the contract. The contract will outline all the responsibilities, the amount of the security deposit, the date when the rent is due, the date when you are supposed to move in and when you are supposed to move out. The security deposit may be first month, last month or whatever you have negotiated with the owner. Those kinds of contracts are extremely easy to enforce, negotiate, and create. It is not a standard agreement; it is not a standard form that you can pick up at a bookstore. They are all individually done and are always done by an attorney or a notary and all these contracts are notarized.

Therefore, do you need an attorney to get this done? Well, it is like Brandy and Cognac. All Cognacs are Brandies but not all Brandies are Cognacs. In order to be a Cognac, you have to come from Cognac, (a town in France) but it is a Brandy. In Nicaragua, all notaries are attorneys but not all attorneys are notaries. There is no such thing as Notary Public in a bank or in an office. In Latin America, you have to be an attorney for so many years in order to be a notary. So going back to contracts, yes, you will need an attorney, who is also a notary. In order to buy a house or a car, you have to have a notary. If you are going to rent a house, you have to have a contract that is notarized. Hence, everything has to go through an attorney.

If you are renting a house, the owner will let you know the terms of the rent and if you agree, then you can both go to his/her attorney to write the contract and notarize it at the same time. If you do not read Spanish, the law is that you need someone who will translate it for you. If that is the case, then you will need your own attorney.

If you are just walking through the door of a real estate company and you tell them that you are looking for a house to rent, chances are you should also have found an attorney-notary. It that is not the case, you can have the real estate agent supply you one to make sure that you have read and understood the contract that you are going to sign, before you sign it. 

Mario Acevedo – Best Places In The World To Retire User Account
Lease contracts are simple to be drafted, but it is always necessary to have somebody with experience in Nicaraguan legislation to review any documentation that engages you in a contract.
 
If you are thinking of renting a house that costs a high amount of money, it is more than necessary to hire to an attorney. Remember that you always need to make sure which are the clauses that will make you lose your deposit. Therefore seeking legal council is recommended in all lease contracts, and a "must" in high value contracts.

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

Our Pledge To You

Best Places will present information from the Community in a transparent way, unedited, except to conform with our Conditions of Use.

You can trust that Best Places does not manipulate content to sell you anything. All opinions in the Community Q & A and Expat Stories are those of its authors, not Best Places.

Get Known To The Community

Those who contribute to the Best Places Community are our heroes! And being a Best Places hero is fast, fun, and easy. Just go to Questions & Answers, find your first question to answer, click on it, and then click the Contribute Your Answer To This Question Button. If you’d rather enter a Story, go to Expat Stories and click the Contribute Your Story Button".

Contact/Support

Please contact us. We would love to hear from you! Customer Service
Technical Support
Business Development
Suggestions
Press
Phone: (US) 520-940-0481