'Be very careful': Property lawyer on what MBIE's Airbnb ruling means for your investment property
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Those who are using their rental properties for Air BNB are being warned of the risks.
The Ministry of Business, Innovation and Employment has banned a Christchurch unit from offering short term rental accommodation.
It's because it doesn't meet the building code requirements for guest accommodation and was originally consented as a household unit.
Property Lawyer Tina Hwang told Heather du Plessis-Allan enforcement seems based on luck but apartments are riskier.
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