How to Rent Your Dream Luxury Villa In The Bahamas? | BE Luxury Real Estate

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How To Rent Your
Dream Villa In The Bahamas

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The Bahamas consists of 700 gorgeous islands in the pristine waters of the Atlantic Ocean. While the capital city Nassau has every modern convenience that you can hope for, there are numerous other outlying islands across that have very little inhabitation and offer the perfect seaside settings for purchasing or renting a dream villa. If investing in Bahamas villas for sale is too big of a commitment now, you may consider a villa rental.

In this guide, we’ll talk about all the steps that you should take before renting a villa in The Bahamas.

Every one of the 700 islands that make up The Bahamas has much to offer in terms of spectacular ocean views and stunning natural environments. However, some islands among them are completely uninhabited. As you can imagine, finding properties on these more remote islands is not easy and before you do rent a property in The Bahamas, you need to know the places where the best rental properties and lifestyle offers are available.

Rent Luxury Villas In The Bahamas

 

In this section, we’ll take a look at the best places in the country for short-term rentals.

  • Nassau is the capital of The Bahamas and is home to the majority of the country’s population, and it is undoubtedly the most developed island as far as modern conveniences and facilities are concerned. The city boasts of an airport, shopping centers, and numerous financial centers and marketplaces. Property rentals in Nassau range from middle-income houses to luxurious multi-million-dollar mansions. Check our listings at BE Luxury Real Estate.
  • Exuma is internationally famous for its white-sand beaches, scuba diving activities and popular swimming pigs attraction. Even though the district has much fewer conveniences compared to the capital Nassau, the rental prices here are quite comparable, as it has become a hub for wealthy vacationers from all over the world.

Bahamas Property Rentals: Rules and Regulations

Before you start to look for property rental options in The Bahamas, you should acquaint yourself with the rental rules and regulations enforced in the country. Acquainting yourself with the rules that govern property rentals can help you know your rights and what you can expect from landlords. While short-term rentals ranging from daily to a month are out of the purview of tight regulations, long-term rentals are not, as they are considered residential housing.

The most common leasing agreement that you encounter in The Bahamas if you want to rent a property long term:

  • Gross lease agreement: Under this agreement, the landlord and tenant negotiate to arrive at a mutually agreed-upon amount that the tenant must pay as rent within a stipulated time every month. However, contrary to the net lease agreement, the landlord is the one who assumes responsibility for maintaining the property and paying taxes.

There are several other aspects that you have to take into consideration before looking at Bahamas villas for rent, which are:

  • Rental rates: According to the rental laws of the Bahamas, the rental rates of any property can be negotiated, and it’s up to the landlord to accept or decline interested parties based on their discretion. 
  • Permit for extended stay: A standard tourist visa allows foreigners to stay 90 days in The Bahamas, but if you want to extend your stay, you have to apply for either annual or permanent residency through the government’s Department of Immigration. Getting the permit may be a time-consuming affair, which is why you should sort it out before you sign a long-term rental agreement with a landlord.
  • Potential eviction: As the property rental rules and regulations in The Bahamas are somewhat partial towards landlords, you read through thoroughly before you sign on the agreement – as with all. Any breach of the agreement may lead to eviction, and in such a scenario, taking a legal course of action isn’t ideal as it may take a long time.
  • Advance payments: Before a landlord hands over his/her property to you, you will be required to pay a month’s security deposit upfront along with the rental rate for the first and last months rent.
  • Taxes: Even though rentals are exempt from taxes, services that you may avail in association to the rented property may incur VAT (value-added tax).

Where To Find Bahamas Vacation Homes For Rent

You can find a plethora of stunning villas and vacation homes in The Bahamas online at BE Luxury Real Estate, and in today’s times, it has become the most popular way of renting properties for most people visiting or moving to the spectacular islands.

Based on averages, you can expect to pay a minimum rental rate of $7,000 every month for a stand-alone luxury villa in any one of the glamorous gated communities in The Bahamas. Rates are considerably lower in other desirable neighbourhoods with ranges from $3,000 – $6,000 per month for luxury condo rentals.

We hope you’ve enjoyed this Ultimate Guide To Renting A Dream Villa in a destination that manages to captivate the hearts and minds of all those who visit it, thanks to its jaw-dropping seaside views and friendly people – The Bahamas.

Ready to visit The Bahamas? Let the team at BE Luxury Real Estate help you find the perfect stay!

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