Post by High Priestess on Oct 9, 2016 15:13:59 GMT
This article indicates that some United Kingdom Airbnb hosts -- tenants as well as owners of flats -- may have rules in their "leaseholder" agreements that prohibit them from doing short term rentals
www.theguardian.com/money/2016/oct/09/beware-pitfalls-airbnb-rental-plansbreaching-leases-mortgages
This law about "freeholders" which hold some interest in property you have purchased, seems specific to the UK, as we do not have such laws in the USA.
www.theguardian.com/money/2016/oct/09/beware-pitfalls-airbnb-rental-plansbreaching-leases-mortgages
Residents and occupiers of leasehold properties – mostly tenants and owners of flats – whose leases state that the property must be used as a “private residence” may now be prevented from renting out the homes for short term rentals. This clause is extremely common in leases.
“The implications are enormous,” says Nicole Rogers, a solicitor at DAS Law. “Millions of Airbnb hosts may have unwittingly breached the terms of their lease by hosting visitors, and the ruling may now pave the way for freeholders to take action. Airbnb will surely suffer as a result.”
“The implications are enormous,” says Nicole Rogers, a solicitor at DAS Law. “Millions of Airbnb hosts may have unwittingly breached the terms of their lease by hosting visitors, and the ruling may now pave the way for freeholders to take action. Airbnb will surely suffer as a result.”
This law about "freeholders" which hold some interest in property you have purchased, seems specific to the UK, as we do not have such laws in the USA.