REVscene Automotive Forum - View Single Post

Tapioca · 08-08-2016, 01:17 PM

Considering the profit to be made by renting out apartments on AirBnB and VRBO in desirable locations, such as downtown Vancouver, fines whether they be from the city or a strata council are just seen as a cost of doing business.

As far as I know, the Strata Property Act can't force an owner to sell if they are a persistent violator of a strata's bylaws and rules. As long as the owner complies with payment of fines within the time frame alloted in the bylaws, strata councils are largely powerless. Even if a strata gets the city involved and issues the violating owner more fines in addition to what the strata can issue ($200 per violation of a bylaw which is quite frankly, peanuts), until the fines are raised and enforced to a level where it becomes no longer profitable to run a vacation rental business, people will continue to rent out their units. In fact, people don't seem to be discrete about it all considering that there are people I see on my Facebook newsfeed who are proud to disclose to the entire world their success of renting their units on AirBnB.

08-08-2016, 01:17 PM	#7614
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,808 Times in 1,250 Posts Failed 81 Times in 54 Posts	Considering the profit to be made by renting out apartments on AirBnB and VRBO in desirable locations, such as downtown Vancouver, fines whether they be from the city or a strata council are just seen as a cost of doing business. As far as I know, the Strata Property Act can't force an owner to sell if they are a persistent violator of a strata's bylaws and rules. As long as the owner complies with payment of fines within the time frame alloted in the bylaws, strata councils are largely powerless. Even if a strata gets the city involved and issues the violating owner more fines in addition to what the strata can issue ($200 per violation of a bylaw which is quite frankly, peanuts), until the fines are raised and enforced to a level where it becomes no longer profitable to run a vacation rental business, people will continue to rent out their units. In fact, people don't seem to be discrete about it all considering that there are people I see on my Facebook newsfeed who are proud to disclose to the entire world their success of renting their units on AirBnB.