Search Results for: Holiday lets

Now even freeholders shouldn’t rent out via Airbnb, says developer

A development being completed near Chichester in West Sussex is believed to be the first in the UK whose builder has confirmed it includes leasehold and freehold covenants preventing short-let Airbnb-style rentals. Shopwyke Lakes (pictured, right), which includes 80+ properties from £229,000 to £625,000 being developed by CALA Homes, includes freehold houses of up to five bedrooms as well as one and two-bedroom leasehold apartments. All will feature covenants within their freeholds and leases preventing their use for “commercial purposes”. The company says the covenants at the development are specific to it and that the company has no group-wide policy on the use of Airbnb or short-term lets. “Regarding Shopwyke Lakes in Chichester, there is no specific clause which prohibits homeowners renting out their property with Airbnb,” said a CALA spokesperson. “However, in the interests of creating sustainable communities and enjoyable places to live, there is a covenant that the property must be maintained as a private residence and is not to be used for commercial purposes. “Any form of short term holiday let would be viewed as a breach of this covenant.” Covenants that prevent leasehold properties from being used for short-term lets are not uncommon. This was highlighted…