Property News · October 9, 2016

Beware the pitfalls that could ground your Airbnb rental plans


From breaching leases and mortgages to insurance issues, short-term lets aren’t as simple as you think, says Donna FergusonFor many people, letting a room – or even an entire home – on Airbnb is an occasional helpful aid to paying off the mortgage. For others, the home letting website is a source of regular income which they factor into their monthly budget. But while renting via the website may seem as simple as posting property details online, the reality is more complex – and a recent court ruling could further complicate matters.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. Continue reading…

Source : theguardian.com
Read more…Beware the pitfalls that could ground your Airbnb rental plans

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