What is short letting?
Short letting is when a property is let for anything less than 90 consecutive days. Any let shorter than this period, for example 1 night, or 2 weeks – would be in breach of your lease. Websites such as Airbnb and Booking.com are becoming more popular in facilitating these types of let, however please note that it is your responsibility to ensure you adhere by the terms of your lease.
Leaseholders are not permitted to short-let their property as per the terms of the lease. While we do note the Deregulation Act (2015) allows short letting for a period of up to 90 days in a calendar year, your lease prohibits this and supersedes the law as it is a contract between the leaseholder, the property and the landlord.
If you are found to be letting your property on a short-term basis you may be liable for legal action which can lead to a fine of up to £20,000 and the future sale of your property could be affected.
If you short-let your property, you are not covered by our current Building’s Insurance policy as this is a breach of your lease which invalidates your coverage.
How to report short-letting?
You can report short-letting by emailing us at [email protected]
Please provide as much information as possible :
- Any evidence of short-letting activity
- Adverts for short-letting – Airbnb/Booking.com
- Address of the property with short-letting activity
- Details regarding how long short-letting activity has been on going for
- Date of incidents and the impact it has had on the block
- Is there a key safe outside the block or property ?
You can also report any short-letting activity by completing the reporting short lettings form.