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Property licence: How hosts can minimise legal risk that comes with running Airbnb units
Studies by two universities found that crime and violence increased in areas where there was an increase in short-term rental facilities. FILE PHOTO | NMG
Short-term car and home rentals are a great way that asset owners can earn incomes. However, they may also expose them to a lot of risks. Early this year, a young Kenyan woman was murdered by her lover at a rented Airbnb. It turns out that this man took several other young women on dates and rented Airbnb facilities where he would violently attack and rob them.
The story above is one of the many examples of the legal risks that homeowners are sometimes exposed to when renting out their facilities for short term stays.
