Condos crack down on Airbnb

Condo managers are already cracking down on Airbnb rentals prior to the expected regulation in Toronto.

The city is currently reviewing the impact short-term rentals such as Airbnb have on Toronto real estate, with an eye on regulating that increasingly lucrative investment option.

It released a report earlier this about the growing influence of the home-sharing program and claimed it is currently researching key issues, consulting with key stakeholders and will examine options for regulation following the review period.

“Staff will examine potential options for regulating short-term rentals in Toronto, including a licensing system, updated zoning by-laws, additional tax requirements and other options,” the city said in the report. “To develop these options, staff will examine the issues identified through research and consultation and determine whether evidence suggests further regulations are required.

“Staff will examine the strengths and weaknesses of approaches in other jurisdictions and provide options for regulating short-term rentals in Toronto. The results of this work will be presented in a report to Executive Committee in 2017.”

However, even prior to regulation, at least one condo management firm is cracking down on Airbnb rentals.

This notice was posted in one downtown Toronto condo.

It reads: “Please note that short-term leases (i.e. Airbnb) are not permitted in our condominium. Kindly be reminded that in accordance with Declaration of the Condominium Corporation Article 4(11)(f): ‘No owner shall be permitted to lease residential units or live/work units in the condominium for periods less than six months.”

If you’re investor who rents units through Airbnb, have you noticed any pushback from condo management? Let us know your experience below.

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COMMENTS

  • by Diane Plant 2016-10-31 1:18:18 PM

    I'm in agreement. I had a client who used his condo for an AirBnb and he had new people coming and going every week. I heard from other tenants that these people were fighting, creating loud noises and undesirable. This is not a great situation for owners, tenants and general security in the building.

  • by Worried. 2016-10-31 1:24:43 PM

    I am a condo owner.
    I do not offer my apartment or rooms for rent on AirbnB, and I am not interested to do so.
    That said, I am greatly troubled that condo Boards feel they can unilaterally govern what condo owners can and cannot do within their own properties. Boards should never have this type of power.
    On principal, condo owners should make it clear that any Board Members who imagine they have this power, that they will find that they are not re-elected next year.

  • by Alister 2016-10-31 3:40:08 PM

    The News media loves Horror stories. The reality is far from that and, you would find that the majority of Airbnb users are they themselves Airbnb travelers and have a similar outlook of care and attention for each other's properties. We have been successfully working with Airbnb guests for over a year in three of our properties. We have had nothing but a good experience and respectful guests, many of them skilled professionals such as pilots, doctors, teachers and families visiting the area.
    We had long-term rental tenants in our properties before we went Airbnb and, had many issues with tenants nonpayment of rent abuse of the property and finally eviction of the tenant and repairs to complete afterwards.
    The press and local authorities seem to have little understanding of the Airbnb clientele and its strict rules for reporting poor Airbnb guests within the Airbnb system, which filters out problem guests very quickly!
    We can honestly say that Airbnb has been a good experience for us, guests have been mindful of the rules of the house and we've had no reason for concern. Any guests who cant adhere to the rules of the house can be sent packing very quickly, as they are not tenants who routinely hide behind the very one sided landlord and tenant act.!

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