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Advice is needed on renting an apartment in Mexico City

 
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Silence820



Joined: 17 Aug 2009
Posts: 35

PostPosted: Mon Nov 02, 2009 4:39 pm    Post subject: Advice is needed on renting an apartment in Mexico City Reply with quote

I have been doing some research on how to rent an apartment in mexico city. Some of what I heard are, you need to be a citizen or have a fm3, you need a citizen to cosign for you, you need a large deposit, just to name a few. Can someone share their wisdom and experience? So I will know what I am in for.
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FreddyM



Joined: 05 Jan 2006
Posts: 180
Location: Mexico

PostPosted: Mon Nov 02, 2009 11:25 pm    Post subject: Reply with quote

I don't think you need to be a citizen, just an official ID, passport or FM3 will do. The complicated part is that most places ask for a fiador, which is like a cosigner which will back up the contract. The conditions for the fiador can be strict, it usually has to be someone that owns property in the city, and the property has to be of sufficient value. Most real estate companies are really strict with this condition, as well as others, such as documented income, and do a thorough background check before they will accept you. A deposit, usually one or two month's rent, is also usually required. If you rent directly from the owner you can usually negotiate some of those requirements. It ain't a lot of fun trying to rent in this city.
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geaaronson



Joined: 19 Apr 2005
Posts: 948
Location: Mexico City

PostPosted: Tue Nov 03, 2009 3:04 pm    Post subject: advice Reply with quote

Check out craigslists apartment rentals for Mexico City. Most of those situations are much more flexible and don�t need all the paperwork.
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