When renters sign up to be Airbnb hosts, they open liability issues for building owners.
Airbnb’s popularity has skyrocketed, offering appealing, affordable experiences to travelers and an easy way for renters to make quick cash. The overwhelming majority of Airbnb travelers use properties responsibly. There have been horror stories, however, with condos being held hostage by guests citing squatter’s rights, thefts, allegations of sexual assault and damaged property.
With no contractual relationship between a building owner and an Airbnb renter, the owner holds little leverage if an incident occurs. The building owner’s rights, limitations, and duties when dealing with an Airbnb tenant might not be fully known, increasing the risk for the building owner.
The best strategy for mitigating the risks of Airbnb usage is to explicitly prohibit tenants from subletting their units for any length of time, Greg Offner, a producer with the Graham Co., told GlobeSt.com. To ensure compliance, he recommends that building owners monitor Airbnb and routinely check for listings at properties they own, and check with an insurance broker to find out how building coverage interacts with tenants’ coverage.
Related Stories
Codes and Standards | Aug 6, 2015
AAMA updates methods for testing of exterior walls
The standard specifies test methods, specifications, and field checks to evaluate structural adequacy of exterior wall systems composed of curtain walls, storefronts, and sloped glazing.
Codes and Standards | Aug 6, 2015
Difference in male-female thermal comfort is due to clothing, ASHRAE says
Women wear lighter clothing in the summer, so they tend to be cooler in air-conditioned rooms, according to the group.
Codes and Standards | Aug 6, 2015
ConsensusDocs releases new CM agency contract standard agreement
For use when owner acts as the construction manager, hires a construction manager, or uses multiple prime contractors
Codes and Standards | Jul 31, 2015
AIA, International Code Council reach collaborative agreement on building codes
The deal covers a wide range of initiatives, including code development, compliance, and sustainability.
Codes and Standards | Jul 31, 2015
Report offers urban design recommendations for healthier cities, fewer traffic fatalities
Provides concepts for creating safer streets
Codes and Standards | Jul 31, 2015
2015 gypsum fire resistance design manual released
The 2015 edition contains nearly 100 new systems that supplement existing assemblies for walls and partitions, floor-ceiling systems, area separation walls, and many others.
Codes and Standards | Jul 27, 2015
New York City changing zoning rules to reduce shadows cast by high rises
For decades, the New York City’s zoning rules have made it hard to construct high-rise buildings that seem airy and minimize the shadows they cast. The city planning department is now working to change that.
Codes and Standards | Jul 27, 2015
ICC, ASHRAE outline roles to consolidate IgCC and 189.1
"IgCC Powered by 189.1” will provide the design and construction industry with “the single, most-effective way to deliver sustainable, resilient, high-performance buildings," according to the trade groups behind the agreement.
Codes and Standards | Jul 27, 2015
Tennessee county considers local worker requirement on construction projects
A proposed amendment to the charter governing Nashville and Davidson County would mandate that 40% of work hours on city- or county-funded construction jobs costing at least $100,000 be completed by residents.
Codes and Standards | Jul 27, 2015
New guide for installation of mineral fiber pipe insulation on chilled water systems
Developed for professional insulation contractors, the 36-page guide recommends methods for insulating chilled water piping systems using a vapor-sealed mineral fiber pipe insulation.
