Mary-Anne Bowring 02/09/2020
747
0
The Risks of Short-Term Lets
- Renters and leaseholders could face severe legal consequences, including fines and eviction, for renting out properties on platforms like Airbnb without proper authorization.
Case Study: Toby Harman's £100,000 Fine
- Toby Harman was fined £100,000 and evicted after sub-letting his flat on Airbnb in violation of his social housing agreement.
Check Your Lease Before Listing
- Leaseholders must ensure their lease agreement permits short-term lets; most leases restrict properties to being used solely as private dwellings.
The "Airbnb Ruling"
- The 2016 case of Nemcova v Fairfield Rents Ltd clarified that short-term rentals are often not allowed under residential leases.
Commercial Use Restrictions
- Most leases prohibit using a property for commercial purposes, including Airbnb, without the freeholder’s consent.
Proceed with Caution
Before listing a property for short-term let, leaseholders should thoroughly review their lease and consult with their landlord or freeholder to avoid legal issues.
Meet our Expert Property Commentators
Mary-Anne Bowring FTPI FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!
Jon Curtis MRICS Head of Building Engineering
Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.
Kate Robinson MTPI MD Blocks/FM Management (London Region)
Master plan setup, ops and staffing and resident engagement. ISO45001 champion.
Lee Harle Partner Ringley Law
Plot conveyancing. Debt litigation. Group Company Secretary.
Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.
Chris Georgalis MRICS Head of Commercial Valuation
Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
Natalie Birmingham Helpdesk Support Manager
Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.
Steve Norman Planning Director
Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.
