The 90-day Airbnb rule is a policy that limits the number of days that an entire home can be rented out on Airbnb to 90 days per calendar year. This rule was introduced in January 2017 by Airbnb to help regulate the sharing economy and protect the housing market in Greater London.
The 90-day rule applies to all properties that are listed on Airbnb in Greater London, regardless of the type of property or the length of stay. This means that if you have an entire home listing on Airbnb in Greater London, you can only rent it out for 90 days out of the year. Once you have reached the 90-day limit, Airbnb will automatically close bookings for your property until the end of the calendar year.
There are a few exceptions to the 90-day rule. For example, if you have a long-term rental agreement with a tenant, you can still rent out your property on Airbnb for short-term stays. You can also rent out your property for more than 90 days if you have obtained planning permission from your local council.
The 90-day rule has been controversial since it was introduced. Some people believe that it is unfair to property owners who want to rent out their homes on Airbnb, while others believe that it is necessary to protect the housing market in Greater London.
If you are planning to rent out your home on Airbnb in Greater London, it is important to be aware of the 90-day rule. You can find more information about the rule on the Airbnb website.
Here are some of the pros and cons of the 90-day Airbnb rule:
Pros:
The 90-day Airbnb rule helps to protect the housing market in Greater London by preventing homes from being taken off the long-term rental market and used for short-term rentals instead.
The 90-day Airbnb rule helps to ensure that there is a supply of long-term rental housing available for residents of Greater London.
The 90-day Airbnb rule helps to reduce the impact of short-term rentals on local communities, such as noise and anti-social behavior.
Cons:
The 90-day Airbnb rule limits the flexibility of property owners who want to rent out their homes on Airbnb.
The 90-day Airbnb rule may discourage people from visiting Greater London, as they may not be able to find a short-term rental property for their stay.
The 90-day Airbnb rule may be difficult to enforce, as it is possible for property owners to circumvent the rule by listing their properties on other short-term rental platforms.
Ultimately, whether or not the 90-day Airbnb rule is a good thing is a matter of opinion. There are both pros and cons to the rule, and it is up to each individual to decide whether or not they believe the rule is beneficial.
For property management, give us a call today at +44 151808 1206