NEW RULES – Short-term accommodations in London (Airbnb & VRBO)

Are you a London Short-Term Accommodation (STA) Host? ❗❗❗

If so, there are some HUGE changes coming into effect! ⚠ 

As of October 1, 2022

➡ Hosts must obtain a short-term rental business license

➡ A license would require inspections and charging the four per cent municipal accommodation tax (hotel tax)

➡ Hosts can only rent space on their own primary property

“Several councillors wanted to have the new business licensing in place before homecoming weekend at Western University in September, but city staff warned that wouldn’t give city hall enough time to amend the hotel tax policy. Council voted 12-2 in favour of the short-term accommodation licenses including the restriction to their primary residence.”

Full Story: https://london.ctvnews.ca/london-closes-door-to-out-of-town-and-multi-unit-airbnb-hosts-1.5947567