By Amanda Williams Londoners will be able to rent out their homes like a hotel under plans to abolish 40 year old laws which ban renting out properties for less than three months. It means those in the capital will be able to use holiday websites such as Airbnb - which allow homeowners to rent out their properties to visiting tourists on a daily rate basis - without fearing the law. Property laws currently state that Londoners must apply for planning permission if they want to rent out their property for less than three months. However, many already advertise their homes on the site and British company One Fine Stay.
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Means those in capital will be able to use holiday websites such as Airbnb
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Site allows homeowners to rent properties to visiting tourists on daily rate
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Currently they must first seek council permission if renting under 3 months
Measures will also be taken to ensure that homes intended for @placeholder are not solely being used for short–term lettings.