› Flat Chat Strata Forum › Airbnb and holiday lets › How short-term lets distort the rental market › Current Page
02/07/2014 at 11:42 am
#21855
Scolari said …. is a strata manager, or the Executive Committee under an obligation to disclose the short stay letting to their insurance company – duty of disclosure clause?
Yes … it is obliged to do so, and if there’s any consequential increase in the insurance premium, an Owners Corporation (O/C) can with the consent of the Owners concerned, pass that increase on to them under the provisions of Sect 77 of the NSW Strata Schemes Management Act (the Act).
Should those Owners unreasonably refuse to give that consent, then an O/C can seek Orders under Sect 149 the Act to have those Owners’ levies appropriately increased.