For buildings wanting to prevent investor-owners from short-term letting their units: this template reflects the new provisions of section 137A of the Strata Schemes Management Act 2015 (NSW)
Short-term letting (accommodation arrangements for less than 3 months) can place strain on a residential strata building’s common areas and facilities and significantly impact the peaceful enjoyment of other residents. NSW strata buildings can legally adopt a by-law preventing lot owners from short-term letting their units where the unit is not the owner’s principal place of residence.
The template by-law is provided in editable Word format so that you can download, adapt and adopt to suit the specific needs of your building.
The template reflects and incorporates the new provisions of section 137A of the Strata Schemes Management Act 2015 (NSW)