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Renting Your AirBnB Long Term?

So you've rented your holiday home out for the winter - does the Residential Tenancies Act apply to you? If you are renting a residential premises for more than 90 days and it is not as a temporary holiday home then yes the rules apply. You need a tenancy agreement in writing. You need to complete a Healthy Homes statement and ensure your property complies within 120 days of the start of the tenancy. Yes the laws about renewing the tenancy also apply.

Hefty fines from $750 to $$6500 apply for failing to have a tenancy agreement in writing, failing to include a Healthy Homes statement on the tenancy agreement or acting to terminate a tenancy without grounds.

If in doubt seek expert advice. If you are self managing, make sure you attend regular webinars and keep abreast of law changes.