Nicaragua

Premier Areas of Coverage

  • Managua

Country Details

Nicaragua is located in Central America, between Honduras and Costa Rica. With an area of 129,000 km2 and a population of approximately 5.5 million people, Nicaragua is known for its beautiful natural resources, volcanoes, lakes, and beaches. The local food is spectacular and it is the largest country in Central America. The local currency is the Córdoba. The main export products are coffee and sugar. 

Important things to know when renting a property in Nicaragua: 

Common expat areas are Las Colinas and Santo Domingo. Most lease agreements are signed for 1 or 2 years. A local guarantor is needed, preferably a multinational company.

Q&A
Who pays rental commission?  Landlord
How much is the rental commission?  1 month´s rent
Is an advance rent required?  Yes, 1 month´s rent
What is the standard lease term?  1 to 2 years
What is the frequency of payments?  Monthly
Is there a security deposit?  Yes, 1 to 2 month rent
Who holds security deposit?  Landlord
What language is the lease written in?  Spanish
Who is the lease normally prepared by?  Lawyer
Is a business release clause accepted?  Yes, if multinational company is guarantor

 
UTILITIES 
Utilities are paid separately from the rent. Some examples include electricity, cable, internet, telephone, water, maintenance, gardening fees, and gas

Telephone, cable and internet packages are available at:

Claro - www.claro.com.ni
Tigo - www.tigobusiness.com.ni
Movistar - www.movistar.com.ni

As well as cell phone packages. 

The most common school for expat children are Colegio Americano Nicaraguense and Colegio Aleman Nicaraguense.

Drivers License
Foreigners must comply with the following: 

  1. “Cedula” or local ID
  2. Must be over 21 years of age
  3. Certificate of written and practical exam 
  4. Sight and blood tests from Nicaraguan Red Cross
  5. Insurance Policy
  6. Payment (120 Pesos)
  7. Current driver´s license
  8. Letter of local embassy certifying the driver´s license

 

Hospitals

Malls