Condo Smarts: Airbnb a business, not a rental
Dear Tony: We purchased our condo in 2013 with the understanding that our strata corporation could not impose any rental bylaws. We started using our condo as an Airbnb in 2015. In the summer of 2016, our strata corporation passed a bylaw that prohibits the business use of strata lots for Airbnb, VRBO or any other type of short-term rentals. They have imposed more than $5,400 in fines against our strata lot and are trying to get us to pay $1,700 for damage to the parking gate they claim was caused by one of our guests. Have we misunderstood the rental exemption? We purchased the strata lot because of the exemption and were assured by the developer that the strata could not prevent our use of the condo for any types of rentals. How much control do strata councils have over our property rights? We wouldn’t have purchased the unit had we known. Read the Q&A…………..
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