Websites such as Airbnb have made renting out rooms and properties more accessible; however it can also be a legal minefield. Because of the sheer volume of hosts in popular tourist cities such as London, Paris, San Francisco and Rome, many rules and regulations have been introduced which are designed to ensure local housing demand can be met.
Anybody who is planning on renting out a room in their home or letting out a second or third property needs to be aware of property laws and city rules before jumping in head first to become an Airbnb host. Our expert flock are here to guide you every step of the way, so read on to find out about the short-term rental laws in London.
The 90 day rule
Last year a short term rental regulation was introduced in London which applies to entire home listings on Airbnb. The London-specific measure is designed to promote responsible home sharing, to limit the number of nights each year hosts and landlords can rent out their property.
Entire home listings in the Greater London area can only be booked out for a total of 90 days per calendar year. Airbnb has worked with the local authorities to enforce this rule, so listings will become automatically unavailable on the site once the 90 day limit has been reached. If you would like to continue earning money from your property for more than 90 days each calendar year, we can help you continue hosting lawfully.
Holiday let accommodation
If your property is exempt from the 90 day rule, for example if it falls outside the borders of Greater London, then it may be classed as a self-catering property or holiday let accommodation. This means that if you have guests for more than 140 nights a year, you may be liable to pay business rates – find out more.
Contracts and leases
In addition to researching local and national laws which may apply to short term rentals, it’s important that hosts check their building lease, contract or regulations too. Find out from your landlord or mortgage provider if there are any restrictions on subletting or hosting before listing your property, as if you are in breach of a contract you could end up losing your home.
The rules are different for each country and sometimes each city, so if you own property in different areas then make sure you know which short term rental regulations apply to each listing.