Antigua and Barbuda is a popular destination for tourists and expats alike, and as such, the property rental market is a significant one. If you are interested in letting your property in Antigua and Barbuda, it is important to understand the letting process, including income, rules, contracts, rates, furnishings, agents, deposits, maintenance, cleaning, and licensing requirements.
The letting process in Antigua and Barbuda is similar to that in other countries. Once you have found a tenant, you will need to draw up a tenancy agreement that sets out the terms of the rental, including the rent, the length of the tenancy, and any conditions or restrictions that apply. You should also agree on the deposit that the tenant will pay, which is usually one month’s rent.
As a landlord, you are responsible for ensuring that the property is in good condition and that any necessary repairs or maintenance are carried out promptly. You will also need to arrange for the property to be cleaned before the tenant moves in, and at the end of the tenancy.
In Antigua and Barbuda, there are no specific licensing requirements for letting a property. However, if you are a non-resident landlord, you will need to apply for a non-resident landlord tax exemption certificate. This will enable you to receive your rental income without having to pay tax in Antigua and Barbuda.
To apply for a non-resident landlord tax exemption certificate, you will need to provide proof of your residency, such as a passport, and a copy of your tenancy agreement. You should also ensure that you are familiar with the tax laws in your own country, as you may still be liable for tax on your rental income there.
Letting a property in Antigua and Barbuda can be a straightforward process, provided that you are familiar with the rules and regulations that apply. By understanding the letting process, including income, rules, contracts, rates, furnishings, agents, deposits, maintenance, cleaning, and licensing requirements, you can ensure that you are fully prepared to let your property and that you comply with all relevant laws and regulations.