All Topics / Legal & Accounting / Converting long term rental to short term

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  • Profile photo of ctrunfreectrunfree
    Participant
    @ctrunfree
    Join Date: 2008
    Post Count: 3

    we are contemplating changing the way we operate the rental apartment we own in inner Melbourne. It is currently rented unfurnished on a long term lease basis. We would like to change it to a furnished, short term lease arrangement when the current lease expires so that we can use it when it is not occupied. It is in a development of mixed rented and owner occupied apartments. Are there any legal difficulties in doing this?

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    There maybe some planning restrictions on letting out premises for short-term (need to refer to LEP), it may have been specifically restricted in the development approval and there may also be some restrictions contained in the bylaws governing the strata scheme.

    A few places that you'll need to check – council & secretary of body corporate (for a copy of the by-laws).

    Short-term tenants (generally holiday makers) cause greater disturbance to neighbours hence there may be some restrictions.

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