For all accommodation in Sao Paulo, the rent is broken down into 3 areas:
1. Rental owing to the landlord:
This is obvious – it’s the rent that the landlord will take for renting his property to you.
2. Condominium charge:
The condominium charge is the amount payable to the building manager for all the services the apartment offers, including the upkeep of the communal areas, pools and gyms, the receptionist and security guards. The rule normally is, the newer the apartment, the less condominium is payable, due to the lower maintenance costs.
3. IPTU:
The IPTU is the property tax paid to the government for each property.
In most cases all three of these costs are bundled together, therefore the “rental price” you see will include all these three.
There will also be utility costs such as water (normally included) and electricity (normally not included). You may need to organise your own internet and similar costs. Make sure to ask what is included as all or some may be bundled into the rent.
We can help with all this. If you are unsure what your accommodation in Brazil or Sao Paulo contains, get in touch and we will be glad to help.
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