In condominium high-rises and town-home complexes across Ontario, there is an increasing number of short term rentals that are popping up at alarming rates. You would be surprised about the implications your condominium may be exposed to and the potential costs associated with allowing AirBnB's to exist in your community.
Sorry, that's not allowed
Whether you are new to condominium living, or have been a long term resident in a townhouse or high rise, you will have likely heard these four dreaded words from your condominium property manager: “Sorry, that’s not allowed.” There are benefits to be had, but there are also compromises to be made with living in a condominium.
