That’s always been true for condo buildings – they are not licensed to be commercial hotel rooms – so strata bylaws have prohibited short term rentals (i.e. from 20 years ago) – well before AirBnB
Stratas are enforcing it more visibly since it has been in the news.
However, AirBNB is too lucrative for some owners to give up, and some strata councils have been stacked with these owners to vote down proposed policies to limit or eliminate them.
A deeper legal approach may be required.
This is the solution to concerns about Airbnb. Stratas can decide for themselves whether to allow Airbnb in their private building. No need for a government regulation.
Self-regulation has a spotty record at best in many fields. Shadow flipping is just one example of the need for government to step in with a self-regulating organization that was lax at best, and complicit at worst.
AirBNB presents various liability issues, notably in buildings with common spaces, and insurance companies will have some power here when the inevitable claims for damages are made. Then there is the inconvenience to long term residents when the strata council is stacked by pro-AirBNB owners who don’t care about the quality of their clients. The floodgates have been opened in several downtown towers.
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That’s always been true for condo buildings – they are not licensed to be commercial hotel rooms – so strata bylaws have prohibited short term rentals (i.e. from 20 years ago) – well before AirBnB
Stratas are enforcing it more visibly since it has been in the news.
However, AirBNB is too lucrative for some owners to give up, and some strata councils have been stacked with these owners to vote down proposed policies to limit or eliminate them.
A deeper legal approach may be required.
… like the City enforcing its bylaws.
Yes.
Not sure what impact a short term rental would have on the strata’s common area insurance policies, either. It could invalidate certain clauses.
This is the solution to concerns about Airbnb. Stratas can decide for themselves whether to allow Airbnb in their private building. No need for a government regulation.
Self-regulation has a spotty record at best in many fields. Shadow flipping is just one example of the need for government to step in with a self-regulating organization that was lax at best, and complicit at worst.
AirBNB presents various liability issues, notably in buildings with common spaces, and insurance companies will have some power here when the inevitable claims for damages are made. Then there is the inconvenience to long term residents when the strata council is stacked by pro-AirBNB owners who don’t care about the quality of their clients. The floodgates have been opened in several downtown towers.