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Toronto gives condominium corporations authority to ban owners from listing on Airbnb

While Airbnb can be a great option for travellers, many homeowners and renters aren’t aware of the inherent risks of using Airbnb for short-term rentals or visits.

From squatting to property damage, you can be liable for the actions of those people staying in your home.

For this reason, an Ontario court has given condominium corporations the authority to ban unit owners from posting their properties on Airbnb.

See the video below to learn more about the inherent risks of renting your unit to vacationers and how it could even result in higher management fees and inflated rents in your building!

Why Your Airbnb May Be Illegal

You might get away with destroying your room, but Airbnb can destroy entire neighborhoods.

Watch an all-new @Adam Ruins Everything on truTV every Tuesday 10/9C! #AdamRuinsEverything

Posted by CollegeHumor on Wednesday, 5 October 2016

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