The Guardian: Beware the pitfalls that could ground your Airbnb rental plans
Aug 10, 2017, 8:37 am
#1
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The Guardian: Beware the pitfalls that could ground your Airbnb rental plans
Beware the pitfalls that could ground your Airbnb rental plans
Please see:
https://www.theguardian.com/money/20...ases-mortgages
Cheers & Safe Travels. ^
Thousands of people who use the site to rent out their leasehold property are potentially breaching their leases, and could be in danger of losing their homes, according to a recent ruling from the Upper Tribunal (Lands Chamber), the highest property court in the land.
Residents and occupiers of leasehold properties – mostly tenants and owners of flats – whose leases state that the property must be used as a “private residence” may now be prevented from renting out the homes for short terms of days and weeks. This clause is extremely common in leases.
“The implications are enormous,” says Nicole Rogers, a solicitor at DAS Law. “Millions of Airbnb hosts may have unwittingly breached the terms of their lease by hosting visitors, and the ruling may now pave the way for freeholders to take action. Airbnb will surely suffer as a result.”
Residents and occupiers of leasehold properties – mostly tenants and owners of flats – whose leases state that the property must be used as a “private residence” may now be prevented from renting out the homes for short terms of days and weeks. This clause is extremely common in leases.
“The implications are enormous,” says Nicole Rogers, a solicitor at DAS Law. “Millions of Airbnb hosts may have unwittingly breached the terms of their lease by hosting visitors, and the ruling may now pave the way for freeholders to take action. Airbnb will surely suffer as a result.”
https://www.theguardian.com/money/20...ases-mortgages
Cheers & Safe Travels. ^
Aug 11, 2017, 8:32 pm
#2
FlyerTalk Evangelist
Join Date: Jun 2006
Location: IAD/DCA
Posts: 31,797
thread could go in http://www.flyertalk.com/forum/non-h...rbnb-vrbo-757/ ?
airbnb and uber spend all their money on lawyers and lobbyists, not really exaggerating
airbnb and uber spend all their money on lawyers and lobbyists, not really exaggerating