An update on Short-Term Holiday Lettings (Airbnb).
Previously, we provided you information on the much talked about Short Term Holiday Lettings in a Strata property.
Strata scheme management laws will be amended in the near future to clarify that by-laws can prohibit short-term holiday letting, but only for lots that are not a host’s principal place of residence.
That is, if a host is genuinely sharing their home, they will still be able to use a spare room for short-term holiday lettings and will be allowed to let out their principal place of residence while they are away on holidays.
NSW Fair Trading will also develop guidelines to advise owners corporations on how they can use other existing strata laws to help deal with short-term holiday letting.
Keep watching this space on this topic.