The City of London is working on a strategy to address short term accommodations in London.
As part of this process, a review of short term property rentals is being undertaken to determine the need for local by-laws to address the impact on amenities, character and stability of a neighbourhood.
To build the strategy, we're seeking input from Londoners, including short term accommodation users and property owners.
Please provide your feedback by completing the survey below. Your input will help assist us in determining what regulations should be in place.
What is a Short Term Rental?
The term "short-term rental" has been used to describe the use of all of part of a dwelling unit for sleeping and lodging accommodations for a short period of time. Traditionally, hotels, motels, hostels and bed & breakfasts only offered these services. Short-term rentals now occur in a variety of dwelling types including: detached houses, townhouses, and apartment buildings. Short-term rentals are operated by owner occupants, tenants, property investors and management companies.
Short term rentals are often listed on internet platforms such as Airbnb, Homeaway, Vacation Rentals by Owner (VRBO), Craigslist and Kijiji.
There are a variety of examples of short term rental categories:
- Owner occupied residence - owner/occupant present during rental. (e.g. spare bedroom rental)
- Tenant occupied residence - tenant present during rental. (e.g. spare bedroom rental)
- Owner occupied residence - owner/occupant not present during rental. (e.g. owner rents entire home while away on a longer vacation)
- Tenant occupied residence - tenant not present during rental. (e.g. tenant rents entire home for while away on vacation)
- Investment property - A person purchases a dwelling unit and only rents it out for short periods sometimes using a property management agency
A number of municipalities have taken steps to regulate short term rentals to address housing, nuisance and community issues.