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Guarantor for apartment rental

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HarryLL76
  9/18/2014 22:23 EST

I am a retired American. I am thinking of retiring in the Dominican Republic. I am considering both Santo Domingo and the North Coast.

But, when I look at the reality of renting I find that those who promote the country as a great place to retire seem to forget to mention one key downside.

That downside is that DR landlords require that potential renters provide a Guarantor. I am neither planning to buying property nor am I interest in finding a girlfriend in hopes that maybe her family could act as a Guarantor.

So help me guys. How does someone moving to the DR rent an apartment there?

Renters face the same problem in Colombia. I know guys who had to rent from other foreigners who charged a much higher rent. Or, they had to offer at least six months of rent in advance. In some cases landlords would not even accept six month in advance. Each time these guys moved, they had to go through the same exercise.

Planner
  9/19/2014 09:59 EST

Good questions and unfortunately it can be an issue here.

So a bit of history - landlords are leery of those who walk out on obligations. Because expats have a passport it is easy to leave!

that being said in the capital (Santo Domingo) guarantor is the normal. The law protecting renters is pretty strong, so landlords need protection.

Often you can find someone to sign for you once you have been here a bit. I do know some who will do it for a fee. Normally 1/2 to a full month of rent.

Some landlords will accept a few months in advance in lieu of guarantee and others will accept a higher rent per month. You need to negotiate.

Message me if I can be of any assistance.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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senormike
  10/15/2014 16:40 EST

i can only speak of puerto plata and the surrounding area. puerto plata in on the north coast and has an international airport ( pop ). i have spent the last 2 winters there. my first trip i rented a 2 bedroom apartment for about $375/mo and was one block from the beach and like any city, you don't walk around at night. during the daytime your fairly safe, fairly. found out about the apartment from a taxi driver who took me to the apartment. walked in and gave the woman the rent money and i don't remember but i don't think she even ask to see my passport. stayed there for 2 weeks and left because i found a more suitable area just on the outskirts of town where you can walk around at night. the place is called COSTAMBAR, you can look it up by going to their site, costambar. org. that's where i spent the last 2 winters and already got my flight and a room. your an american so am i, doesn't mean too much however, there aren't many americans there but a lot of canadians for 4 or 5 months and they are a hell of a lot of fun to sit around drinking and talking. i love em although they make fun of me in a fun type of way. as far as my dealings with landlords, there is no guarntors required. go to costambar. org and look at the site if you want to learn more, contact me at my email which is [email protected]. i can give you email addresses you can contact and talk to real people who live there

senormike
  10/15/2014 16:58 EST

just sent you a message, went back to check it and see i made an error in my email address, correct it to [email protected]. you can also contact [email protected] or mikey at [email protected] or 850-364-9515 which is a magicjack florida #. he has an online business which starts at about 3 am est time and is quit busy till around noon, try ll:am. get back to me in case i've given you wrong info

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