Hi , this is pretty gritty stuff, but I was thinking – our block is insured under certain conditions that the residents are owners or tenants with a Tenancy Agreement. And the DA was issued as a residential block. And the Fire Compliance was carried out on that basis.
If “airbnd” etc etc turns up, can I assume the Insurance Rates go up, the wear and tear on stair wells increases, our fire rating compliance changes – then would seem fair to put those extra costs on the “airbnb” business ?
Ill give the insurance crowd a call sometime soon and find out.
thanks KK