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The rules have changed. Effective January 1, 2010, residential properties with an ARV (Annual Rental Value) of $27,000 or less are considered rent controlled units (dwellings subject to the provisions of the Rent Increases (Domestic Premises) Control Act 1978).* Hence, these units must comply with the regulations of the Department of the Rent Commissioner. For further information or to confirm if your apartment or property is/is not under rent control, please click on the following links: Department of the Rent Commissioner http://www.gov.bm/portal/server.pt?open=512&objID=527&mode=2&in_hi_userid=2&cached=true Land Valuation Department http://www.landvaluation.bm/2009frame.htm
*Tenancies of some properties are exempt from rent control. Visit the above-mentioned links for further information. |
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Copyright: This website, its pages, and all its components (including images, audio, video, text) is copyright. No part may be reproduced, copied, transmitted in any form or by any means without the prior written permission of Platinum Realty. Disclaimer: The content of this web site is provided for information purposes only. No claim is made as to the accuracy or authenticity of the content of this website. Information is deemed to be correct but not guaranteed. By continuing to view this site, you accept this our policy. |
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