Marc Bhalla interviewed by CBC News about short-term rentals

Marc Bhalla was interviewed by CBC News for a story presented on last night's evening news.  

The focus of the news report surrounded the proposed regulations being contemplated by the City of Toronto in respect of short-term rental operations.

Marc spoke to each condominium's governing documents (Declaration, By-laws and Rules) complementing any forthcoming regulations by setting out if and how short-term rental operations can be carried out within each individual community.  He encouraged anyone interested in taking part in such operations to review the unique documents of their community in advance of doing so and noted that condominium corporations have a responsibility to ensure that community members comply with the law and the condominium's governing documents.

Marc mentioned that condominium Boards can utilize community rules as a tool to guide how any permitted short-term rental functions can be carried out and noted the importance of any regulation - at the municipal or individual condominium level - to be enforceable to be effective for conflict management.

All of the information contained in this article is of a general nature for informational purposes only, and is not intended to represent the definitive opinion of the firm of Elia Associates on any particular matter. Although every effort is made to ensure that the information contained in this newsletter is accurate and up-to-date, the reader should not act upon it without obtaining appropriate professional advice and assistance.

www.elia.org  

© Elia Associates Professional Corporation, All Rights Reserved.