27 Feb '18, 3am

Two Singapore Airbnb hosts plead guilty to unauthorized short-term rentals

SINGAPORE (Reuters) - Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty in court on Tuesday in the first such cases under the city-state’s rules on short-term property letting introduced last year. The two men were charged for letting four units in a condominium for less than six months without permission from Singapore’s Urban Redevelopment Authority and face a fine of up to S$200,000 ($152,000) per offense. Prosecutors however requested fines of S$20,000 per charge for a total of S$80,000 for each of the two defendants, who spoke in court to plead guilty to the charges. Defense lawyers sought fines of $5,000 per charge. The Singapore government has pledged to seek public feedback on a regulatory framework covering such rentals after the cases of the two hosts prompted a plea from Airbnb that the existing framework was “untenabl...

Full article: https://www.reuters.com/article/us-singapore-crime-airbnb...

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Two Singapore Airbnb hosts plead guilty to unau...

reuters.com 27 Feb '18, 3am

SINGAPORE (Reuters) - Two Singaporeans on trial for unauthorized short-term rentals posted on Airbnb pleaded guilty in cou...

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