Bahamas » Rental Market

The rental division of the Bahamas market is colossal as many visitors head to the islands every year seeking a little rest and relaxation. The Luxury condos, houses and villas produce top dollars for their owners.

Luxury rental properties in Exuma in general put forward complete privacy, are elegantly furnished, and include first-rate facilities. Purchasing a Bahamas property either as a holiday destination or as a rental property offers the advantages of several commercial flights, private airports, and close immediacy to the United States.

The rent shall not exceed 15% of the evaluated value of the house and land, if furniture included then 20%. Obviously, the multi-million vacation resorts are not enclosed by in this law.

The Seasonal Property Rental Yields up to the peak of 10 to 12% per season. Properties located in the coastal areas of the Nassau City possess rental yields of around 5% to 6.

The landlord must give the tenant proper notice of rent due and possible eviction for defaulting on rent. If the tenant fails to pay the rent on time, the landlord can beckon the local police and recover the property.