Another example of the 75% rule
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Summary
AI-generatedThe host shares a story about managing a cliffside penthouse that the owner wanted to keep on Airbnb. However, the other residents were not in agreement. After a process of warnings, the homeowners passed a bylaw that required 75% of the owners' approval for something to happen. Although, the owner and host were eventually sued, they made plenty of money delaying the process.
Key insights
Continuing to operate an Airbnb against building bylaws can result in being taken to court.
Mistakes to avoid
Ignoring building bylaws regarding short-term rentals can lead to legal action and potential lawsuits.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial