Current regulation in London requires anyone interested in renting their unit must gain approval or faces a $30,000 fine per offense. As of Monday, Brandon Lewis, the housing minister plans to eliminate the 42-year-old London law.

“We live in the 21st century, and London homeowners should be able to rent out their home for a short period without having to pay for a council permit. These laws … need to be updated for the internet age,” Lewis said in a statement.

Incredibly refreshing to hear. Hopefully this outlook spreads globally.