Huge £75,000 fine for letting two flats on Airbnb - Landlord Today
Summary
A landlord was fined £75,000 for letting two flats on Airbnb. Hosts need to be aware of local regulations and the potential for substantial fines if they are not in compliance.
Key Insights
- •A landlord was fined £75,000 for letting two flats on Airbnb.
Action Items
- ✓Hosts should review local regulations regarding short-term rentals to ensure compliance and avoid potential fines.Effort: lowImpact: high
Common Mistakes
- ⚠Failure to comply with local regulations can result in significant financial penalties, as demonstrated by the £75,000 fine.
More from Regulations & Compliance
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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