This article discusses the need for new laws in light of the COVID-19 pandemic, which has obviously affected the business of short-term rental accommodation (exemplified by Airbnb). The demand for such short-term rentals has naturally diminished during the pandemic; however, new strata laws in New South Wales, Australia have sought to remedy this issue for all parties involved. As such, the Fair Trading Amendment (Short-term Rental Accommodation) Act 2018 No 41 was enacted on 10 April 2020 in order to address the short-term rental concerns.
Author: Robyn Chamberlain, Partner – Property, Finance, Holman Webb Lawyers
2 Pages
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Region:
Australia
Interest Area:
Real Estate
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