The owners association of City Towers Toyosu The Twin – a 48-storey, 1,063-unit condominium located on a man-made island in Tokyo Bay – entered into an agreement with a local provider to weed out any AirBnb-type rentals in the building.
This is the first of this type of agreement for a high-rise apartment building. The company providing the service is Tokyo-based Oscar Inc. The company operates the Minpaku Police website which allows neighbors to report suspected illegal short-term rentals. The majority of reports made to the website are regarding security and noise concerns.
The company will provide fixed-interval checks to make sure there are no short-term rentals taking place in the building, since the practice is specifically prohibited in the building bylaws. This will reduce the workload of the owners association and building management company.
Although a nationwide law will be introduced later in 2018 to allow overnight rentals in residences for up to 180 nights per year, hosts of apartments must obtain written permission from owners associations to do so. The vast majority of apartment owners associations are making moves to ban this type of letting.
Source: PRTimes, November 30, 2017.
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