Richard White
Senior Member
The websites in question will comply with the bylaw and condo corps have an obligation to abide by the law and report STR properties that are not primary residences.
|
|
|
Toronto Rental Cost (& AirBnB) Issues
- Thread starter jje1000
- Start date
The websites in question will comply with the bylaw and condo corps have an obligation to abide by the law and report STR properties that are not primary residences.
TrickyRicky
Senior Member
There are several details of current legislation I never figured out regarding tenant use of their space as short-term rental. This impacts me as I have several units where I am aware tenants Airbnb their units. I have no problem otherwise with these tenants so it's low priority on my list of things to do; however the legality of Airbnb in rentals by tenants has some gray areas. Liability wise this is a bit of an issue because insurance companies may deny coverage to issues involving short-term rental tenants and landlords can't use lack of awareness that their tenants are using their units as short-term rentals as a defense.
-First aren't tenants obliged to inform their landlords of any sublet situation?
-Second aren't payments by subletters including short-stay subletters required to be paid directly to the Landlord? My understanding is that tenants are actually not allowed to collect funds on behalf of the landlord
-Third as it is not legal for tenants to profit from their units doesn't this impact sublet room rates and number of days the unit is allowed to be sublet?
-First aren't tenants obliged to inform their landlords of any sublet situation?
-Second aren't payments by subletters including short-stay subletters required to be paid directly to the Landlord? My understanding is that tenants are actually not allowed to collect funds on behalf of the landlord
-Third as it is not legal for tenants to profit from their units doesn't this impact sublet room rates and number of days the unit is allowed to be sublet?
SunriseChampion
Senior Member
Yes
No, the tenant is required to continue making payments, thus the sublet pays the tenant who then pays the landlord.
It should
WislaHD
Superstar
3 dead, 2 injured after shooting at Airbnb in Toronto, police not looking for suspects
Wonder if this will bring about changes
Wonder if this will bring about changes
Richard White
Senior Member
This is why I say the regulations are a good thing. Airbnb operators may not like it but there needs to be a way to regulate and license these STR units.
Some people are good but others just treat the property as a cash cow and don't care who they rent to.
christiesplits
Senior Member
A huge factor discouraging young families from settling into condos is that every weekend AirBnB turns condos into a student dorm/club district. or even worse.
Richard White
Senior Member
I know so many newlyweds that sell their condo in favor of a house because Condos are no longer suitable.
People want to raise a family and do not feel safe doing it in a condo. It's not only Airbnb's but the fact nobody can raise a child in a condo the size of most living rooms.
W. K. Lis
Superstar
All AirBnb, or whatever short-term rentals, must have cloud based security cameras on the premises (entrance and balcony at minimum) to record anything that the police will get access to with a warrant. If the cameras are damaged, vandalized, or removed in any way, the unit will no longer be rented out for a year.
gabe
Senior Member
My friends building had to deal with AirBnB pop-up brothels.
TheKingEast
Senior Member
It's not just AirBNB, it's a lot of condos in general. As the rent gets higher, you're going to see more units with multiple people living in them. Unit on my floor is a 2 bedroom, 4 students. I've seen units with bedrooms in the living room.
Jonny5
Senior Member
The modernized trailer park.
SunriseChampion
Senior Member
We were doing shit like this 15 years ago...and not in no short-term rentals, but legit rentals with long-term leases.
I lived 4 people to a 1-bed for three months once. And 3 of us to that same 1-bed for the better part of a year. A friend of mine had a subdivided living room with a partition wall put in. That was in Oakville. That place was like 4 to a 2-bed. I had friends living 3 to a bachelor in a downtown condo that one of them bought outright for cash. I myself lived 2 people to a bachelor for a few months.
And currently, I just found out (and this is actually messed up, unlike the above), my pensioner neighbour lives in his 1-bed with a family that consists of 3 kids and a middle-aged couple, I kid you not. Welcome to paradise.
It's a hard knock life/the rents are too damn high.
Richard White
Senior Member
We were doing shit like this 15 years ago...and not in no short-term rentals, but legit rentals with long-term leases.
I lived 4 people to a 1-bed for three months once. And 3 of us to that same 1-bed for the better part of a year. A friend of mine had a subdivided living room with a partition wall put in. That was in Oakville. That place was like 4 to a 2-bed. I had friends living 3 to a bachelor in a downtown condo that one of them bought outright for cash. I myself lived 2 people to a bachelor for a few months.
And currently, I just found out (and this is actually messed up, unlike the above), my pensioner neighbour lives in his 1-bed with a family that consists of 3 kids and a middle-aged couple, I kid you not. Welcome to paradise.
It's a hard knock life/the rents are too damn high.
SunriseChampion
Senior Member
^Precisely that.
TheKingEast
Senior Member
We were doing shit like this 15 years ago...and not in no short-term rentals, but legit rentals with long-term leases.
I lived 4 people to a 1-bed for three months once. And 3 of us to that same 1-bed for the better part of a year. A friend of mine had a subdivided living room with a partition wall put in. That was in Oakville. That place was like 4 to a 2-bed. I had friends living 3 to a bachelor in a downtown condo that one of them bought outright for cash. I myself lived 2 people to a bachelor for a few months.
And currently, I just found out (and this is actually messed up, unlike the above), my pensioner neighbour lives in his 1-bed with a family that consists of 3 kids and a middle-aged couple, I kid you not. Welcome to paradise.
It's a hard knock life/the rents are too damn high.
I know it's not a new phenomenon I just think it will get worse.