Land tax payments scrutinized on newly built properties…
This civil case has been ongoing for several years concerning the owners (“the Banks”) and their property named “Gatewood” in Paget. The Banks disputed the annual rental value (“ARV”) which was allocated to their newly built home by the Land Valuation department. The two contentious point of law in this case were: Read More «»
It is now possible to explore Bermuda using a travel and vacation guide available on any iPhone or iPad. “AppBermuda” is the most comprehensive travel guide on Bermuda on the market and it has been increasing steadily in demand in the iTunes Store.
The app features over 1000 pages about Bermuda and also has an interactive map feature which works like a mobile GPS system by showing the user their precise location on a map of the Island. There are over 700 photographs featured on the app, a significant portion of which have been provided by photographer James Taveres of Captured Memories Photography.
A local family decided to create the app in order to provide visitors and residents with more information about our beautiful Island. There are several categories of interest such as Accommodation, Attractions, Beaches, Dining and Transport, amongst others. You can easily search for and browse Bermuda’s most popular activities, restaurants and shops.
MJM Limited can be found listed under Accommodations – Non Resident Property Ownership. When you view the profile, you’ll find information on buying property in Bermuda for non-residents as well as contact details for property attorneys at our firm who can assist you with all property transactions. MJM Limited is currently the only law firm featured on AppBermuda.
If you should become incapacitated without an Enduring Power of Attorney, an application to the Supreme Court for the appointment of a receiver may be the only option for your loved ones to manage your affairs.
The baby boomers are growing older and those of us who fall into this category need to be prepared for what may lie ahead. Do you know what will happen to you and your property in the event that you become incapacitated? Those who have planned ahead will have signed an Enduring Power of Attorney, giving someone authority to manage their property and affairs in such circumstances, and an Advance Treatment Directive, giving someone the power to make medical treatment decisions on their behalf. This option will still be available to you if your incapacity should be physical, but it will be altogether too late if you should become mentally incapacitated. Read More »
A non-Bermudian can only buy a property in Bermuda if they have acquired a licence to do so. This involves applying to the Minister of National Security and paying an application fee which is approximately $1,500 and is refunded if the licence is granted. Once the licence is granted the licensee may purchase a property in Bermuda subject to certain restrictions. Not all property on the market in Bermuda is available to the licensees, and roughly only 5% of the market is accessible. These are generally houses that start at $3.5 million and condominiums that start at around $800,000. The houses must have a minimum ARV (Annual Rental Value) of $177,000 and the condos must have an ARV of at least $32,400 in order to be extended to non-Bermudians. Undeveloped land is not available to non-Bermudians and they are restricted from renting or subdividing the property which they have acquired. Read More »