New Short Term rental laws for stratas coming soon!

New Air BnB law for strata’s announced.

The big news this past month in the Strata Management world is that the Government has passed new laws under the Strata Property Act to give Strata Council’s and Strata Management companies a stick to combat short term rentals should they choose to do so.

Why is this good for strata managers?

Putting my own personal beliefs about short term rentals aside for a minute, and wearing my strata manager hat, this is without a doubt an excellent thing for strata corporations. It finally gives them the ability to create and pass strata bylaws with some teeth!

Previously, strata corporation’s were only able to levy fines of $200/ week to those who were violating short term rental bylaws in their strata building. Big deal! Most short term rental owners looked at $200/ week as a cost of doing business, especially if their place was renting for upwards of $300/ night!

Effective Nov 30, 2018, strata corporation’s are going to have the ability to pass bylaws allowing them to fine short term rental operators up to $1000/ night! What a difference! I’m going to guess that most people aren’t going to be able to absorb that type of expense, and this really will put an end to most short term rentals in BC.

If you’re interested in learning more about strata management and need some help, please our strata management company here.

Chris Stepchuk

Recent Posts

How to crack into the strata management industry for new licensees

What can I do as a newbie to break into the strata industry? So you’ve…

4 days ago

Self-Managed Strata in Vancouver: The Best of Both Worlds?

Condo living in Vancouver is how most of us live. Whether it's a townhouse or…

2 weeks ago

What does a Strata Manager’s typical day look like?

A day in the life of a Strata Agent I get asked all the time…

3 weeks ago

We just had our depreciation report completed and are grossly underfunded. Now what???

As you probably know by now, depreciation reports are now mandatory in BC, and all…

4 weeks ago

Why many management companies don’t want to manage small strata properties

For those who live in a smaller/ medium sized strata communities (under 100 units), it…

1 month ago

Why do property management companies get such horrible Google reviews

If you’ve been searching for Strata Management Services, then there is a good chance you’ve…

2 months ago