However the Supreme Court found that because the tenants listed the whole apartment and not just a single room, it was in breach of the lease provisions and ordered them to be evicted.
The Chief Justice of the Supreme Court did say that the case should not be used as a test case for the legality of Airbnb in Victoria, because it related to the particulars of the lease in question.
REINSW looked at the insurance implications and who is responsible if something goes wrong, in the January/February Real Estate Journal.
The Parliament of New South Wales is currently holding an inquiry into the adequacy of the regulation of short-term holiday letting in NSW.
This includes looking into:
The parliamentary inquiry has so far held three public hearings, the last on 30 May 2016.
Oatley MP Mark Coure, Chair of the Committee on Environment and Planning, said: “The Committee is looking closely at a number of specific areas where regulations need to be updated, including finding a sensible balance between the rights of strata property owners and their neighbours, and identifying opportunities to simplify the regulation of traditional accommodation businesses.
“I also want to make sure that the powers available to manage the industry are clear and practical, are well understood by regulators, and can satisfy the community that they will do the job.”
He added that he was hopeful that the Committee will be able to report its findings and recommendations to the Parliament by the end of September 2016.
Further information about the inquiry can be found here.
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