For those who are in short or long term lettings who think letting their properties out as an Airbnb to make a quick buck is an easy option, its absolutely crucial to make sure you are legally entitled to do so.

BBC news reported on a case where an Airbnb host rented out his council flat in central London to tourists and as a result faced a whopping fine in the sum of £100,000 and was evicted. It's illegal for council tenants to sublet their homes which are there to provide much needed housing and not to generate a profit.

I suspect it won't be long until we see more regulation for short term holiday lets...it’s definitely becoming a riskier time to be a tenant taking a shot with Airbnb. Our advice is to carefully check the terms of your lease (and insurance!) and think twice before embarking into the holiday let market. You may end up losing more than you bargained for.

Read the full article here: https://www.bbc.co.uk/news/technology-49149983