How to Rent a Home in Bermuda

Navigating the process of renting a home in Bermuda for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Bermuda their home.

"Relocating to Bermuda can be an exciting adventure, but it also comes with its own set of challenges. One of the most important aspects to consider is finding a place to live. This guide will provide you with all the necessary information about renting an apartment in Bermuda, from finding a rental property to understanding the legal requirements and costs involved.

How do you find a rental property in Bermuda?

There are several ways to find a rental property in Bermuda. You can use online property portals, local newspapers, or hire a real estate agent. Online portals and newspapers provide listings of available properties, while real estate agents can provide personalized assistance based on your preferences and budget. It's also common to find rentals through word-of-mouth, so networking can be beneficial.

Does Bermuda have an MLS type system?

Bermuda does not have a Multiple Listing Service (MLS) like in the United States. However, there are several online platforms and real estate agencies that provide comprehensive listings of available rental properties. These platforms are regularly updated and can be a useful resource in your search.

Do brokers have licenses and how do I know if they are licensed?

Yes, real estate brokers in Bermuda are required to be licensed by the Bermuda Government's Real Estate Division. You can verify a broker's license by contacting the Division directly or checking their online database. It's important to ensure that your broker is licensed to ensure that they adhere to the professional and ethical standards set by the government.

Should I buy or rent in Bermuda?

Whether to buy or rent in Bermuda largely depends on your personal circumstances and long-term plans. Renting can be a more flexible and less financially burdensome option, especially for expats who plan to stay for a short period. Buying property in Bermuda can be expensive and is subject to certain restrictions for non-Bermudians.

Is it difficult to find rentals in Bermuda?

Finding a rental in Bermuda can be challenging due to the high demand and limited supply of properties. It's advisable to start your search well in advance and be flexible with your preferences. Working with a licensed real estate agent can also make the process easier.

What documents are required when renting an apartment in Bermuda?

When renting an apartment in Bermuda, you will typically need to provide proof of employment or income, a reference from a previous landlord, and a copy of your passport. If you're a non-Bermudian, you may also need to provide a copy of your work permit.

Do I need a lawyer when renting an apartment in Bermuda?

While it's not mandatory to have a lawyer when renting an apartment in Bermuda, it can be beneficial, especially for expats unfamiliar with local laws. A lawyer can review the lease agreement, ensure that it's fair and legal, and provide advice on your rights and obligations as a tenant. Legal fees can vary, so it's advisable to get a quote before engaging a lawyer.

How long is the typical lease for?

The typical lease term in Bermuda is one year, but it can be negotiable depending on the landlord's preferences and the tenant's needs. It's important to discuss the lease term with your landlord or real estate agent before signing the lease agreement.

Do I have to pay a deposit?

Yes, it's standard practice in Bermuda to pay a security deposit when renting an apartment. The deposit is typically equivalent to one month's rent, but it can vary. The deposit is refundable at the end of the lease, provided there are no damages to the property.

What other upfront costs are there when renting?

Other upfront costs when renting an apartment in Bermuda may include the first month's rent, a pet deposit (if applicable), and potentially a broker's fee if you used a real estate agent. It's important to budget for these costs when planning your move.

Are utilities included?

Whether utilities are included in the rent depends on the rental agreement. Some landlords include utilities in the rent, while others require tenants to set up and pay for their own utilities. Utilities in Bermuda can be expensive, so it's important to clarify this with your landlord or real estate agent.

Are furnished or unfurnished rentals more popular in Bermuda?

Both furnished and unfurnished rentals are available in Bermuda. Furnished rentals typically include basic furniture and appliances, such as a refrigerator, stove, and sometimes a washer and dryer. Unfurnished rentals may only include major appliances. The choice between furnished and unfurnished largely depends on your personal needs and preferences," said one expat living in Bermuda.

Expats Talk about How they Found their Home

"I took a tour with a couple of real estate rental agents. They are frank and give you a good idea of the neighborhood and its constraints/positives," commented an expat living in Bermuda.

"By word of mouth - Good reasonably prices apartments for rental do exist, but they never make it as far as the newspaper adverts. Tell everyone you know that you are looking for a place to rent. Keep your ear to the ground to find out who is due to move off the island - and ask if their apartment might be coming up for rent. Don't be too concerned about the neighborhood - there aren't any really bad places... even those areas with "a reputation" are far safer than anywhere in a European City," said an expat in Bermuda.

"The best way to find a place to live in Bermuda is to start by researching online. There are a variety of websites that list rental properties in Bermuda, such as Bermuda Rentals, Bermuda Real Estate, and Bermuda Property Listings. Additionally, you can search for rental properties on social media sites such as Facebook and Twitter. You can also contact local real estate agents who specialize in Bermuda rentals. Finally, you can look for rental postings in local newspapers and magazines," remarked one expat who made the move to Bermuda.