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I am in a new development where 20 units out of a total of 60 are currently unsold.
Just before Christmas the developer moved furniture into 4 units and started marketing them via Air B’n’B.
Under the bylaws, any change of use requires 21 days notice. That hasn’t been received to my knowledge.
Meanwhile the developer has started taking ads on the sides of buses to market the building, while at the same time telling at least one of the owners that they are not actively selling because prices will go up.
My question is this: How can a change of use to STRA for some units be reconciled with the offer of units for residence? If the building was developed/sold as a build to rent proposition, shouldn’t that have been disclosed? And isn’t the idea of the developer directly offering STRA rentals an attempt to get around local zoning laws – and my understanding is that the zone this building was constructed in expressly forbids development of hotels and serviced apartments etc.???
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It would be prudent for us to gather all relevant information and collectively approach the developer for clarification. Ensuring transparency and adherence to legal requirements is crucial, especially regarding any potential change of use to short-term rental accommodations without proper notice or disclosure.
I would recommend reaching out directly to the developer to seek clarification on their plans and how they intend to reconcile the use of these units with the residential nature of the building. Additionally, consulting with legal experts specializing in real estate and zoning could provide valuable guidance on your rights and potential next steps to address this issue. Could you explain more about your query?