As the name suggests, short-term rental means you rent a space for a while, usually less than six months. It can be as short as 1 day, 1 week, 1 month, 6 months or something in between. The room you rent can be a bedroom in your house, an apartment or even a small guest house, provided you have the space. The tenants you attract depend on what you offer and how you will market your unit. Such a provision may provide landlords with some degree of protection when short-term dwellings are considered a tenancy. However, whether Airbnb`s stays are indeed rentals from a legal point of view remains controversial. At least one earlier court decision suggests that, in the posted context, these are not rentals, but licenses. It should also be noted that the law does not apply to residential dwellings used for holiday or travel purposes. You don`t want to calculate too little or too much for your area. Earlier this year, the BC government announced that starting in 2019, second properties that are “qualified long-term rents” leased in increments of 30 days or more for at least six months per year will be eligible for exemption from speculation tax. Let`s leave aside the ambiguity as to what a “qualifying long-term rent” is (we expect the BC government to release a speculative tax bill this fall) and look at the requirements of the BC Residential Tenancy Act. From 1 October 2018, hosts of short-term rentals will have to transfer PST and the local tourist tax for host stays. This is a requirement of the Province of British Columbia.