NSW introduces regulation to prohibit short-term letting

Early April saw significant changes for NSW with new legislation. Owners corporations can now ban short-term rental accommodation services, such as Airbnb and Stayz, when the property is not the owner’s principal place of residence.

The owners corporation will be able to prohibit short-term rental accommodation by adopting a by-law via a special resolution (a 75% majority).

The changes come about via amendments to the Fair Trading Act 1987 and Strata Schemes Management Act 2015.

For more information and detail on the changes, visit here.

Is your property prepared ofr the changes to short-term letting?

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