How Do the New Laws Address Short Term Letting?


Social Shares

Related Content

Strata Hub

In our video series Michael Vumbaca, General Manager at Jamesons Strata discusses how the new laws address short term letting.

With the growing popularity of things like Airbnb and stayz, short-term letting is an enormous piece of the puzzle for strata. An owners corporation can now adopt a model bylaw that requires lot owners to notify the owners corporation at least 21 days before changing the use of their lots, which includes things such as short-term letting. This means that if they intend to change the purpose of their lot, to make it a short-term let, they need to provide the owners corporation with 21 days written notice.

They need to do this as there are often insurance implications for an owner’s corporation if they change the sole purpose of their lot. This new bylaw also allows owners and owners corporations to go to the tribunal against people who use their lot for short-term letting. This enables owners and owners corporations to take action against them in the event that something arises that incurs expense, such as increased insurance costs as a result in changing the use of your lot.

Seamless Transition, Exceptional Service – Switch Your Strata Manager!

At Jamesons we believe these new legislative requirements will be warmly welcomed as it has been a difficult issue to manage for strata schemes. Whether they’re in favour or against short-term letting, it’s important that there’s a framework for strata to operate under that gives them some guidance in how to resolve disputes should they arise.

This will not be the last you hear about short term letting, we believe that there will be further legislative change on this topic in the future. Who that change favours, we will have to wait and see.

Jamesons are a family run business that have provided Sydney strata management services for over 50 years. If you would like more information regarding strata management, please contact Jamesons Strata Management on (02) 8969 3400.

Request a Free Quote

Relevant Articles

When you are looking to either buy or refinance a property, which includes an apartment, townhouse or villa that is

Picture of Bianka Nightingale
Bianka Nightingale

Jun 27, 2024

Maintaining a healthy living environment in your strata scheme is crucial for the well-being of residents and the structural integrity

Picture of Paul Culbi
Paul Culbi

Jun 17, 2024

Strata managers are here to make strata living easy and enjoyable, but a strata manager who isn’t performing their job

Picture of Nick Amoroso
Nick Amoroso

Nov 24, 2021

If you lifted the roof on your strata property and peered inside, you’d see that the property and the lives

Picture of Paul Culbi
Paul Culbi

Oct 05, 2021

Talk to Jamesons about your needs today

Changing strata managers doesn’t have to be difficult. Get in touch with our team today and learn how our
strata management services could improve the value and enjoyment of your jointly-owned property.

What are you looking for?