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.
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.
