› Flat Chat Strata Forum › Airbnb and holiday lets › Insurance premiums raised due to Airbnbs › Current Page
In this instance, I approached one of the STHL owners on the subject and they immediately removed their property from all sites as they were moving into it full-time. This brought us below the 20% nominated threshold and thus the original quotes were reinstated.
Problem solved…..for now.
During this process I became aware of a strata in our area which had indeed, created bylaws covering this insurance topic and adding an additional one requiring owners to nominate their lot as their principal place of residence in order to STHL it.
All this seems to be a perfect result but our strata manager has provided legal opinion that indicates there are problems with these bylaws and as far as is known none have been challenged to a tribunal to prove one way or the other.
Bottom line is…..there is no bottom line as yet.
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