• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result

How To Find A Rental In Panama City

Expat Guide 101: Finding Your Perfect Rental Property In Panama City, Panama

Live And Invest Overseas by Live And Invest Overseas
Dec 18, 2020
in Panama, Real Estate
0
Panama City, Panama

iStock/Jose Amaya

220
SHARES
3.1k
VIEWS
Share on FacebookShare on Twitter

Whether you are simply exploring this beautiful Central American country, or snow-birding for the winter months, or moving on a full-time basis, you should rent in Panama for a while before committing. Here are some ways to find a rental property in Panama City that will meet your needs.

How To Search For Panama Apartments

Woman using internet website to find rental apartments
iStock/anyaberkut

While many Panama rental properties are “listed” by real estate agents, there is no formal Multiple Listing Service (MLS) to find every property on the market through one agent. Often, one property is advertised by several agents, or family members, or friends, and the rent may vary from agent to agent.

You can use online rental sites to compare different types of apartments and condos in Panama, clarify the range of rents charged, describe the various locations and amenities, and provide background and testimonials about the landlords.

Airbnb Panama, VRBO.com, booking.com, and Trip Advisor are popular websites where you can start your search before you arrive, but be sure to review some of the local sites such as Encuentra24.com, OLX.com, InmoPanama.com, and local Craig’s List options.

Once you’re in Panama, check out the classified section in the local newspaper for Panama apartments to rent, and then walk the various neighborhoods to get a feel for the area and look for signs posted in windows that say, “Se Renta,” “Se Alquila,” or “For Rent.”

Using An Agent To Find Short-Term And Long-Term Rentals In Panama

Real Estate Agent Showing a Home
iStock/gorodenkoff

In Panama City, most real estate agents will speak some English and can be a valuable resource if your Spanish is not strong. Some of the benefits a local agent offers include:

  • Familiarity with the best locations, and the range of reasonable rental rates
  • Time savings by searching through a listing system that is not well organized
  • Help negotiating a lease, security deposit, furniture if needed, utilities, and other legal matters
  • Acting as a local guide who can provide additional tips and advice about living in Panama City.

Of course, an agent will charge for their services, but you will save a lot of time and frustration using a local expert instead of trying to navigate the Panama City real estate market on your own.

Panama Apartment Details To Consider

Aerial picture of suburban gated community
iStock/rodclementphotography

The housing and rental market in Panama is thriving so you should have plenty of options. Consider renting in a gated community where you can enjoy 24-hour security, swimming pools, gyms, children’s areas, and more. Or you can live more like a local in a traditional neighborhood with single-family homes and no amenities.

You’ll need to decide if you want to rent furnished or unfurnished. In Panama, unfurnished means the apartment does not come with appliances unless the rental ad says, “Linea Blanca” which means no furniture but appliances are included.

Be prepared to negotiate your rental price. Apartment owners tend to start at a high rental price but settle on a lower amount after discussion. Also, the longer you rent, the lower your monthly rental amount should be. Rental contract terms can be modified so don’t feel obligated to sign a standard contract without reviewing and even changing the terms.

Upon signing a rental contract, it will be registered at the Directorate of Leases at the Ministry of Housing. You will also pay a security deposit of one month’s rent which is consigned to the Ministry of Housing. When the property is returned in good shape, the deposit is returned to the renter.

It’s fairly easy to extend a lease and either the landlord or the tenant can end the contract with 30 days’ advance notice. Panama’s real estate laws tend to protect tenants’ rights more than owners’ rights so it is difficult for a landlord to evict a tenant in Panama.

Finding a great rental apartment in Panama can be time-consuming, but once you settle in and start enjoying your Panamanian adventure, it will be worth it.

Comments

Tags: 'panama city'PanamaRent in PanamaRental Apartments In Panama Cityrental propertyRental property in Panama
Share88Tweet55
Previous Post

History Of Belize: From Maya Settlement To Melting Pot

Next Post

How Living In Belize Can Give You The Happiness You Long For

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Tropical waterside house with moored boat on lagoon side of Placencia in Belize.
Real Estate

Buying Real Estate In Belize: What You Need To Know

by Jim Hardesty
January 12, 2021
0

About 30 years ago, I was sitting at a palapa bar in Playa del Carmen waiting for the ferry to...

Read more
The colorful urban skyline of Panama City, Panama.

The Current Events In Panama–How The Little Isthmus Shines

January 8, 2021
Keel-billed Toucan, shot in Panama.

The 10 Best Places To Discover Wildlife In Panama

January 7, 2021
Avenida Balboa at Dusk in Panama City, Panama.

The Panama Golden Visa: Residency And A Second Home For The Price Of One

January 6, 2021
Santa Catalina, Veraguas, Panama.

Starting A School In Panama Near Los Islotes

January 3, 2021
Skyscraper buildings in the modern cityscape of Panama City.

The Best Investment In Real Estate In Panama City You Will Find

December 28, 2020
Avenue Champs-Elysees with Christmas illumination.

Celebrating Christmas Overseas Is More Than Eggnog and Expats

December 25, 2020
Next Post
Couple on the beach.

How Living In Belize Can Give You The Happiness You Long For

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

Start Your New Life Today, Overseas

Get Your Free Panama Report Today!

​​Simply enter your email address below and we'll send you our FREE REPORT - 101 Things You'll Wish Someone Had Told You About Panama.
 

how to retire overseas

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2021

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2021 - Live and Invest Overseas - All Rights Reserved.

WANT TO RETIRE OVERSEAS?

Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll immediately send you a free report on the 10 BEST PLACES TO RETIRE in style overseas. Each day you’ll learn about the best opportunities for international living, retiring overseas, offshore diversification and asset protection, and investing in real estate around the world.

Get Your Free Panama Report Today!
 

​​Learn more about ​​​PANAMA and other countries in our free, daily Overseas Opportunity Letter​​, as well as our ​In Focus: ​Panama ​newsletter​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​101 Things You'll Wish Someone Had Told You About Panama.
 

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.