June 26, 2018

Before Renting your Property on Short-Term Rental Websites: Some Things you Should Know

Lauren M. Randall Authored by: Lauren M. Randall Posted in: Real Estate, Wills & Estates

More and more Canadians are renting their homes to travelers via online short-term vacation rental services such as Airbnb, HomeAway, and VRBO. If you are thinking about renting your condo, house or cottage out on a short-term rental site this summer, or any time really, there are some things you should consider:

If you are living in a condominium building this may be contrary to the condo’s declaration and bylaws.

You could be in violation of the Municipal zoning bylaws.

You will not quality for HST exemptions on the sale of your property.

Short-term rentals have become very popular all over the world and because of this, the tourism industry and regulators are taking notice and trying to determine the best way to regulate them.  Provincially, in Nova Scotia nothing has been decided, but you can be certain that before too long there will be regulations in place.

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