We’re taking moment before our Forum questions this week to urge you not to miss the opportunity to get a cut-price, off-the-peg by-law to prevent Airbnb and other short-term holiday letting coming into your building.
Be aware, the way things are shaping up, apartment blocks in NSW that don’t have holiday let bans in place could end up worse off than those in Victoria, where more than one-third of units in some blocks are listed as holiday lets.
There are already workshops and seminars out there where owners and even tenants are being advised on how to set up multiple holiday rentals, and get around the new laws.
And you can bet some of them are being advised on how to get into blocks that don’t have the necessary by-laws in place before the shutters come down.
Now there’s no need for your committee to spend ages weighing up the cost of a by-law. All you have to do is join the Owners Corporation Network (for a measly $55), if you haven’t already done so. Then you can buy their off-the-peg by-law, written by an expert strata lawyer, for only about $200.
Similar by-laws could cost you $1,000 or more from some law firms, and not having one could see your block turned into a de facto hotel when the the full impact (or lack of any) of the new holiday letting laws come into force.
Go to OCN.org.au for more details