ILO Newsletter 30. März 2012

Real Estate & Construction

Supreme Court rules that neighbours must consent to short-term letting

Real estate investors are increasingly renting out fully furnished apartments to tourists or business travellers for short periods. While short-term leases are highly attractive to respective lessors, owners of neighbouring apartments within a complex are usually not fond of such agreements, due to the high turnover of guests. The Supreme Court recently dealt with cease and desist proceedings instituted by apartment owners. 


Martin

Dr. Martin Foerster

LL.M. (LONDON) Partner
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