Cyprus Property Forum for Buyers, Sellers & Investors

Nigel

Just like to access your knowledge on the phenomenon that is 'AIR BnB'.

Imagine a small complex of 10 townhouses or so with a shared pool, parking areas, walkways etc. all paying into the 'maintenance' fund on a regular basis.
One of the properties then decides to go 'Air BnB' and rent the property during holiday periods, no problem.
However there are certain issues that are raised with the introduction of 'Air BnB', for instance the communal swimming pool has no license and it wouldn't qualify for a license as there are no changing rooms, toilets or lifeguard support.

So far as communal insurances, public liability etc. I have been informed this would not be an issue however my mind worries about the following:-

Air BnB needs to be registered, would this attract the Municipality to the complex for an inspection and hence the unlicensed pool would become apparent?
Also if the Muncipality didn't discover the pool then a number of 'what if' scenarios then abound.
What if there's an incident in the pool? Would the Insurance and public liabilities be void?
What if there's an incident in the pool, is the insurance void due to no pool license? Would the property owners then be directly responsible for damages etc?
What if........what if etc.

Going back to the Municipality, if they do insist on a license then we would have to close the pool down as there is no physical room to provide a toilet and changing rooms unless we eat into the car park space. Also the cost of this work would be excessive which probably not all the owners could contribute. If the pool is closed then the values of the all properties is severely affected, won't be able to sell etc, etc. What a nightmare.......!!!!!

Please advise your thoughts on the above and possible solutions eg.can a complex rule be made to stop the Air BnB lettings?

Thanks Nigel

John TB

Nigel

You haven't replied to my post, can you please take a look and provide your expert opinion, thanks

Regards
John TB

John TB

Regardless of whether one of the owners rents their townhouse through Airbnb, your pool is operating illegally. As a consequence any public liability insurance you may have would not stump up if someone had an accident while in the pool.

Airbnb is a red herring. Your swimming pool is illegal - period.

You cannot prevent an owner renting their property through Airbnb.

Nigel

Thanks for your response.

One further question to ask, so what I think you're saying is:-

Worse case scenario, if there was an accident in the pool, the complex MC (and/or the other property owners or just the MC?) could be sued for damages, as the Public liability Ins. would not pay up due to no pool license.

This means potentially anyone could sue the MC if they have a pool accident, which means the MC members are taking ALL the risk.


Regards
John TB

JohnTB wrote: 10 Jun 2024 12:18This means potentially anyone could sue the MC if they have a pool accident, which means the MC members are taking ALL the risk.

If you MC chooses to operate the pool illegally, what else would its members expect - a get out of jail free card?

Regards,