Rental regulations & disruption (Can I host guests at my place?)

The gig economy is starting to radically reform a bunch of traditional services. We no longer catch a cab – we Uber instead. Outsourcing is no longer something huge banks invest millions to facilitate. We simply write briefs that freelancers pounce on and turn it around within hours for cheap.

And hotels… well if you’re reading this, you’re aware of what’s happening in that sector.

Change is tough. While it creates an opportunity for some, it means others are forced to reassess the way they do things. It also forces governments, councils, and regulators to review existing practices and long-held beliefs.

Compliance with regulations for rental properties

Here at HostKeep, we take our responsibilities to guests, hosts, neighbours and regulators very seriously. This means having a keen understanding of how these shifting market forces impact our owners’ properties. We ensure compliance with all relevant legislation and body corporate guidelines. And we ensure insurance is kept current for ourselves, owners and our guests.

We have recently been monitoring an important case which has helped provide further guidance regarding these matters. An owners corporation in Docklands, Melbourne had attempted to prohibit owners from renting their properties for short-stay purposes.  The owners pushed back and the case ended up going to court. You can read the full details here. Suffice to say, the HostKeep team are extremely pleased with the outcome:

Southbank short-stay apartment operators breathed a sigh of relief last month, when the Victorian Civil and Administrative Tribunal (VCAT) found owners’ corporation (OC) rules prohibiting the practice were invalid.

VCAT member Linda Rowland on June 29 found that the OC of the Watergate building in Docklands did not have the power to make a rule prohibiting stays of less than
30 days.

The VCAT decision paves the way for short-stay operators throughout the state as it means OCs can’t make rules preventing short-term letting.

“The decision now effectively means that owners’ corporations do not have the power to make rules that prohibit short-term letting in residential buildings,” Strata Title Lawyers CEO and Watergate OC solicitor Tom Bacon said.

We will continue to monitor the changes to rules and regulations so our owners can have complete faith that their property is safe, secure and compliant.

By | 2017-05-26T03:40:59+00:00 September 3rd, 2013|Uncategorized, What's happening in Airbnb|