Insight
A new law establishes that a 51% majority vote in apartment building meetings can decide on matters such as the use of properties for Airbnb rentals.
New law on Airbnb, property development deals and co-ownership — 51% majority to decide everything in apartment-building meetings
Summary
A new law grants apartment building co-owners a 51% majority to decide on issues like Airbnb rentals. This empowers residents to collectively manage property usage, potentially impacting short-term rental operations within buildings.
Key takeaway