Wednesday Wisdom!

WednesdayWisdomMay31

You’ve found the perfect piece of land for your new home, but before you commit, be sure to ask your real estate agent if there are any deed restrictions or covenants with the property.   Deed restrictions are clauses in the deed that restrict the use of the land.   Examples of some common deed restrictions in the Bahamas are:

  • No swine, cows or poultry are allowed to be kept, raised or maintained on the property
  • No piece of land may be subdivided and sold
  • No signs, advertising, or billboards can be erected on the property
  • Only one dwelling house may be erected on the property
  • Specific building setbacks from the property boundaries

Covenants are promises written into deeds and other instruments where property owners agree to perform, or not to perform certain acts or require or prevent certain uses of the property.   Covenants often include items that:

  • Enforce architectural or design standards, such as no three story structures
  • Prohibit practices like short term rentals, or using certain types of fencing
  • Restrict the property to a certain type of use, such as residential only

Often gated communities and condominium complexes will have specific restrictions and covenants that prospective purchasers would do well to know in advance.  If you bought a condominium property as an investment thinking it would make an excellent property to list on a vacation rental site, only to find out that no short term rentals were allowed, it would change your income potential on that purchase greatly.

Sometimes when residential properties once restricted to single family homes find themselves fronting on a busy roadway, with families moving from the area because of increased traffic and noise, a property’s use may change from residential to commercial. Proper government approvals are required and often granted on application in situations where an area is beginning to change.

Family island properties not in planned communities often have no restrictions or covenants or sometimes unusual restrictions or covenants, like ones prohibiting the drinking or sale of alcohol.     Something like that could severely restrict certain person’s vacation fun.

Check your potential purchases particulars carefully.

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Eleutheran Adventurers

Eleuthera-Historical-Sign

Eleutheran Historical Spotting

William Sayles was looking for Bahamas real estate when travelling to find freedom in 1648 from Bermuda. He was far from alone. The group of 70 he travelled with called themselves Eleutherians, after the ancient Greek word for liberty. They landed on the northern tip of an island, claiming the island chains for Britain. Originally occupied by Lucayans, and called Segatoo, the 110 mile long island now bears the name of Eleuthera, a nod to those original intrepid travellers.

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Governor’s Harbour, Eleuthera’s mid-island settlement

Sayles would hardly recognize the deserted beauty he originally landed on as small settlements and communities now hug the coasts of this popular Bahamian beauty.

Eleuthera is best  known in the Bahamas  for its pineapples, a traditional symbol of welcome throughout the world. Islanders claim that theirs are the sweetest to be found anywhere.

Become your own Eleutheran Adventurer by checking out this vacant land for sale on the north side of Eleuthera. Eleuthera is known for it’s unique culture and island getaway feel, stretching from the north all the way down to the south tip of the island.   Whether you enjoy the pink sand chic of Harbour Island or the quaint colonial style homes of Governor’s Harbour, this Bahamian island is getaway perfect.

North-Eleuthera-Land

Land for Sale in North Eleuthera, click the links below!

Find your Eleutheran Paradise:

North Eleuthera Opportunity

Eleutheran Adventurers Lot

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Wednesday Wisdom, Commercial Leasing

Learn more about our Commercial Leasing department. We not only lease spaces within our commercial portfolio, but any for lease space that is the best fit for you! Morley Realty Ltd.’s agents have the knowledge and experience to help you find the perfect space, location and neighborhood to bring your commercial dream to life!

Office contact: (242)394-7070 or morleyrealty@morleyrealty.com, or stop by our office Monday- Friday 9am-5pm!

 

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Conch Salad

Once you settle into your Bahamas home, you’ll want to start enjoying a dish every Bahamian loves, conch salad.   Conch salad is a combination of raw conch and vegetables marinated in freshly squeezed citrus juice that is both tangy and refreshing.   Whethera8f2f599aa94ae3ee6c6ee1ecb318fca you live in the capital or the furthest reaches of an out island, conch salad in the Bahamas is both a treat and a staple.

 

Even though the conch is raw, marinating in lime juice “cooks” and tenderizes the conch as well as adding that tangy flavor.

Ingredients include but are not limited to:

Conch

Yellow Onion

Bell Pepper

Tomato

To make the juice:

Key limes

Orange Juice

Salt

Pepper

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To make it more tropical add these island fruits:

Pineapple

Mango

Orange

If you’re lucky enough to work in an office building like One Marina Drive on Paradise Island, you can cross the bridge to Potter’s Cay Dock and have a tasty conch salad in hand in less than fifteen minutes!

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Wednesday Wisdom, Commercial Sales

Tune into the video below to hear about Morley Realty Ltd.s Commercial Sales. We take pride in our commercial sales all over The Bahamas, not only in the properties that we manage. We hope one day we can help you find your commercial opportunity that you’ve always been wanting.

Contact our office for commercial real estate inquiries at (242)394-7070, or email us at morleyrealty@morleyrealty.com

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May’s Word of the Month

Toter

So, you’ve just purchased your beautiful Bahamas home or condo and want to have a real Bahamian open house to celebrate with friends, family and your new neighbors.   There’s one type of person you should be on the lookout for and that brings us to our Word of the Month: Toter.

We use the term to describe a person who carries food away from parties they’re attending in a bag or tote. How can you tell a onetime toter from a true Toter?   A true Toter will not only bring their own bag, but will also bring their own tinfoil, Tupperware or Ziplocs to securely store the food they plan on carrying home!

KB and Sting, a famous Bahamian musical duo, wrote a song about this form of “carrying”.   Be on the lookout at the next party you attend for this Bahamian Word of the Month.

Take a Listen: Toters- Sting & KB

 

 

Wednesday Wisdom for Landlords!

5 Tips For Residential Landlords

  1. Establish a clear, fair system of setting, collecting, holding and returning security deposits.   When you inspect and document the property before the tenant moves in, and clearly let the tenant know, it will avoid issues when the tenant moves out.
  2. Stay on top of repairs and maintenance and do the work when the tenant requests.   If you don’t, you’ll alienate good tenants.   Most leases say that your responsibility as a landlord is to keep the property in good and tenantable condition, so honour that clause or you may lose a tenant.
  3. Respect the tenant’s privacy according to the terms of the lease.   Give tenants notice before you visit or want to enter the property.
  4. Try to resolve disputes with your tenants without using attorneys.   Meet with the tenant over issues that may come up to see if you can resolve the issue informally first.   If that doesn’t work, try a neutral third party next.
  5. Let the tenant know what your insurance covers on the property. Is it just the exterior of the building?   Do you have coverage for a water heater leaking and damaging contents?   Be clear, so the tenant will know what they may have to do in terms of their own insurance coverage.

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Lionfish: Small and (Not So) Deadly

This unique looking fish is small with radiant and venomous spikes.   The lion fish has been in Bahamian waters with an occasional sighting on a reef here or there in the early 1980’s, to today having become an occupying predator.   With no natural enemies, they have made themselves at home, munching their way through our Bahamian grouper, snapper, grunt, crab and conch population.

Lionfish

The rumor is they were released from an aquarium off the Florida Coast and gradually drifted across the Gulf to invade the warm waters of the Bahamas, but it doesn’t matter.   However they have gotten here, it appears they are here to stay.   Originally speared by locals just to get them off the reef, they have now become a food item on menus around town, with lionfish tacos being a favourite.

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If you would like to partake in diminishing the lionfish population in The Bahamas, you can do your patriotic duty by entering the 8th Green Turtle Cay Lionfish Derby happening on June 23rd and 24th! Teams of four can enter in the fishing tournament and hunt for the lionfish during the selected hours of “play”. Once the day is over the lionfish will be brought back to the marina, delicately filleted, and cooked for the participants and their guests. Winners will be selected based on Most Fish, Most Fish in Foreign Boat and Best Lady Angler.

Though these animals gorgeously float along the reefs looking like small underwater dragons, they are dangerous to our ecosystem. You can help the cause, and have a delicious dinner, by entering local tournaments like the one described above.   Happy hunting.   Our Nassau grouper thanks you.

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