As you may know, since the beginning of the year, Airbnb established the 90 nights’ limit rule per calendar year in Greater London. As a landlord, this rule affects you if you wish to short let your property as an entire home.
The regulation in London
You are now restricted to short let your entire home to 90 days only, from 1st January to 31st December, unless you have a planning permission granted by your local council and allowing you to exceed the restriction. Therefore, Airbnb keeps track of your lettings and will automatically block the bookings of your listing once the limit is reached, but, your listing will still be open for next year’s reservations. The second condition to comply with the new regulations of the Deregulation Act, which became law in 2015, is to be liable to pay Council Tax.
In all cases, you need to get a gas safety certificate for the property each year and carry out a fire risk assessment. Your property should also provide a smoke detector, a carbon monoxide alarm and a first aid kit.
Why has this rule been introduced by Airbnb?
Since its launch in 2008, Airbnb has become a major player in the tourism and travelling industry, bringing the city of London to its second largest market in terms of number of properties listed on their platform. Authorities and councils raised their concerns about the impact on long-term rentals for local residents, by this rule Airbnb wants “to help ensure that home sharing grows responsibly and sustainably, and makes London’s communities stronger”.
What about other cities?
London is not the only city being regulated, Paris is restricted to 120 nights per year, 60 nights for Amsterdam, and short letting your entire home is even prohibited in Berlin.
There is nothing to be frightened about these new regulations as Luckey Homes is here to help you rent your property in a stress-free, legal and profitable manner.
If you are, or want to be, an Airbnb Host in London and you need some advice, get in touch with Luckey Homes, we would be happy to help you and assist you with your project!