The Bahamas government is intensifying efforts to finalize draft legislation aimed at addressing the escalating tensions between landlords and tenants, as soaring rents and mounting complaints from both parties continue to strain the housing market. Housing Minister Keith Bell revealed that the proposed reforms seek to strike a delicate balance between protecting tenants’ rights and ensuring landlords’ interests are safeguarded. Speaking to reporters, Bell highlighted the growing concerns over sudden rent hikes, electricity disconnections, and tenants refusing to pay rent or denying landlords access to their properties. He also emphasized the government’s worry about individuals living in unsafe or uninhabitable conditions, which could further burden the Department of Social Services if left unaddressed. Bell stressed the need for landlords to maintain habitable premises while ensuring tenants fulfill their obligations. The push for reform comes as housing affordability becomes a pressing issue, with families increasingly squeezed by high rental costs and stagnant wages. A recent IMF report revealed that rents in The Bahamas surged by 14% between 2012 and 2022, while average wages grew by a mere 2%, disproportionately affecting low-income households. The government’s review of the Rent Control Act aims to modernize the law and address enforcement gaps that have left both landlords and tenants frustrated. Bell also addressed the rise in homeowners converting properties into Airbnbs, noting that the Ministry of Finance and the Department of Inland Revenue are closely studying the issue due to mounting complaints about covenant breaches in residential communities. He assured that the draft legislation is being meticulously scrutinized to ensure enforceability, with magistrates involved in the process. Despite delays, Bell expressed confidence that the final product will be fair to all parties. Additionally, he shared updates on the government’s compulsory land acquisition program, revealing that properties have already been acquired in Englerston, Bain and Grants Town, and Freetown, with plans to take over approximately ten more lots on Charles Vincent Street. These properties are intended for affordable housing initiatives, with some owners expressing interest in partnering with the government to rehabilitate their properties.