Short term rentals have gained popularity in Greater Toronto Region condominium communities due in part to the Pan Am Games and other large scale events. Many residents have been enticed by the concept of making a quick buck by charging high market rates for their units. Residents are capitalizing on this trend by renting out units, parking spaces and even lockers unbeknownst to, and without the permission of unit owners or registering such rentals with property management.
Unknown to most are the dangers that come with short term rentals and the aftermath consequences that are outlined in https://www.samsonshield.com/wp-content/uploads/2018/07/condo2015.pdf
A secondary article on the topic was published in CCI magazine https://www.samsonshield.com/wp-content/uploads/2018/07/cci.pdf
For more information on how to prevent short term rentals in your condominium community, please contact us at email@example.com. We have developed an industry unique program that will correct this problem in your community.