Two males have been charged in Singapore for illegally renting out their properties for short-term stays by way of Airbnb, in response to native media.
It’s the first recognized case of its sort since new legal guidelines towards residence sharing got here into impact in June.
Below the modifications, it’s unlawful to lease out, sublet or share a residential property for lower than three months.
Property brokers, Terence Tan En Wei and Tao Songliang, are anticipated to plead responsible, the Straits Instances reported.
Studies say the accused labored collectively to lease out 4 residences for short-term stays with out permission from native authorities.
If convicted, the 2 males might face fines as much as $200,000 Singapore ($149,000; £110,000).
Singapore’s City Redevelopment Authority (URA) earlier this 12 months lowered the minimal rental interval for personal properties from six to 3 months.
Whereas residence house owners can search the URA’s approval for shorter time period stays, the laws successfully render most Airbnb leases unlawful.
Airbnb wouldn’t touch upon the case however stated it remained dedicated to “working alongside the federal government to discover a approach ahead for residence sharing”.
The agency lists greater than eight,000 Singaporeproperties on its residence sharing platform, which have hosted greater than 330,000 travellers over the previous 12 months.
It added that the present framework stands “in distinction with Singapore’s dedication to innovation” and “doesn’t replicate how Singaporeans journey or use their properties at the moment”.