The popularity of accommodation websites, such as Airbnb and Onefinestay, have led to many people taking the decision to rent out spare rooms or an entire property on a short term basis to business travellers or holidaymakers.
However, if you do not own the property outright, then you may find that, as a long term leaseholder, you are breaching the terms of your leasehold agreement.
In one recent case, a woman who decided to sub-let her London flat to business travellers was found to have contravened the terms of her covenant (lease). Her argument that she had only rented out the property for around 90 days of the year, continued to pay both council tax and the utility bills and also lived there for between three and four days each week, were not sufficient grounds to persuade the courts otherwise.
If you are considering sub-letting or offering your property on a short-term let basis, it is important to be aware of the rules which may apply to your particular circumstances.
At Palmers Solicitors, our property litigation team will be able to provide advice and help support you with any disputes.