New Short-Term Rental Regulations
As you may have heard, beginning May 1st, there are some new regulations surrounding short-term rental properties. In this post, we’ll be sharing what we know, and how it could affect you if you are a) planning on renting out your home to Productions, or b) looking to rent a home for productions. For all the details, click here.
The summary:
Producers can use short term rentals only if the owner lives on the
property, or the term is for 6 months or more.
The latest legislation reads as follows:
B.C. has made regulations which will restrict short-term rentals to
principal residences and either a secondary suite or an accessory
dwelling unit (ADU) in many B.C. communities, starting May 1, 2024.
There is a distinct difference between short-term (airbnb style) rentals
and rentals under the residential tenancy act. If an airbnb style home
has a term on it for more than 6 months, it shifts to being regulated by
the residential tenancy act.
The Act applies to short-term rentals being offered to the public
including:
Offers hosted by a platform, where people reserve and pay for the rental
service (which may include for example, Airbnb, VRBO, Expedia, and
FlipKey)
Offers on other web listing forums (which may include for example,
Facebook Marketplace, Kijiji, and Craigslist)
Listings in classified ads in newspapers
The Act will not apply to:
Reserve lands
Nisga’a Lands or the Treaty Lands of a Treaty First Nation (unless the
Nation chooses to opt into all or part of the legislation through a
coordination agreement with the Province)
Hotels, motels
A vehicle, such as an RV
A tent or other temporary shelter