Compliance challenges schemes face with short-term letting

Dear Newsletter Reader,

Welcome to the second instalment of our August Newsletter series, where we are focusing on short-term rentals in community schemes.

In this newsletter we will be outlining:

Key statistics in the short-term rental market, as well as possible legislative changes.
Compliance challenges schemes face with short-term letting.

The TVDM Consultants team were also recently at the NAMA Western Cape event. We were very happy to be at such an informative session.

"The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty." — Winston Churchill

CONTENT CORNER

Short-term letting regulations in South Africa: Possible changes

In this article, Nicole shares key statistics and facts regarding short-term rentals in South Africa, along with the proposed regulatory changes the legislature plans to introduce.

Challenges with short-term letting in sectional title schemes in South Africa

Short-term letting, such as holiday rentals or Airbnb, often creates challenges due to the high turnover of tenants and difficulties monitoring compliance. In this case study, Rizaar outlines the legislative framework, discusses the court’s reasoning in the Paddock matter, and considers the implications for owners and prospective purchasers.

UPCOMING EVENTS

Join us for an exclusive interactive event where a panel of leading industry specialists and service providers will share collaborative and innovative insights on all things community schemes.

This year’s spotlight topic: Making the Most of Your Annual General Meeting (AGM), with practical strategies to ensure smooth, effective, and confident decision-making.

Seats are limited so click the link below to gain the skills and strategies you need to manage your next meeting with confidence.

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Managing Agents, this one’s FOR YOU!

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