Airbnb in talks with local authorities over rental rules


  • TECH Premium
  • Friday, 26 Jan 2018

The Airbnb Inc. logo and application are displayed on an Apple Inc. iPhone and iPad in this arranged photograph in Washington, D.C., U.S., on Friday, March 21, 2014. Airbnb Inc. is raising money from investors including TPG Capital in a financing round that would value the room-sharing service at more than $10 billion, said people with knowledge of the deal. Photographer: Andrew Harrer/Bloomberg

Short-term home rental platform Airbnb is in talks with Malaysian authorities to possibly devise regulatory framework for its services.

“We’ve had meaningful and productive conversations with the Malaysian authorities, who are excited by the prospect of home sharing and the benefits the Airbnb platform is already bringing to local tourism," it said, in a statement.

Airbnb said it generated RM200.4mil for the Malaysian economy last year, based on 1.5 million guest arrivals.

The statement was in response to a Kuala Lumpur City Hall (DBKL) order that owners or operators of residential properties that were using platforms like Airbnb would have to register or face penalties.

“Airbnb has worked with over 275 governments around the world to develop clear and sensible frameworks that support home sharing in their cities, while addressing local community needs," said the company. 

Last week, DBKL said it was proactively registering and studying the feasibility of short-term leases in the city to ensure that properties owners can rent out their units legally.

It said short-term rentals through websites such as AirBnB, HomeAway, and iBilik may cause disturbance to other units and contribute to safety and cleanliness problems.

The registration programme would place such property owners under DBKL supervision and allow the Companies Commission of Malaysia (SSM) to conduct studies on them.

“Failure to register will be considered as an offence, and action will be taken by DBKL,” it said.

The registration programme would run throughout the year, with registration open to individuals, agents, or companies involved in short-term stays without limitations on citizenship.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Tech News

Japan's MUFG to start buying chips to ease burden of inventory strain - Nikkei Premium
Shopee opens five new distribution centers in Brazil - report Premium
Wall St turns gloomy on Tesla after deliveries fall for first time in two years Premium
French MEP asks regulator to justify Binance approval, cites Reuters report Premium
EU lawmakers pass landmark tech rules, but enforcement a worry Premium
First man who admitted to role in OCBC scams to undergo reformative training Premium
Twitter pursues judicial review of Indian orders to take down content -source Premium
Hacker claims major Chinese citizens’ data theft Premium
At least S$34,000 lost in S’pore to scams involving fake travel agent websites Premium
Spain seizes first underwater drug smuggling drones Premium

Others Also Read