One major headache for many Property Managers and Landlords is unauthorised short-term lets by tenants.
Some of the concerns that arise due to unauthorised lets are security, damages and, in some cases, theft. There are apartment buildings that have specific bylaws banning short-term lets, but it’s been found by one firm that 5% to 10% of unit owners don’t follow such rules.
For Property Managers and Landlords in Queensland, they can also refer the Residential Tenancies and Rooming Accommodation Act 2008. Section 238 recognizes Airbnb guest occupancy to be characterised as a sublease. The RTRA Act also has a general tenancy agreement that states that the tenant may only sublet a premises if the Landlord agrees in writing to the sublet or if the subletting is under an order of the Tribunal. If the tenant fails to comply, they may be in breach of the lease agreement as well as the RTRA Act.
Whether you’re agreeable to the idea or not, it’s best to remind your tenants of the issues that will come up if they’re considering short term letting or subleasing. Should you agree to the subleasing, ensure that sufficient insurance is in place to cover such arrangements or that the tenant will not compromise any policies already in place.
For more property management tips and news, check out our videos www.rentalresults.com.au/videos