Airbnb Friendly Buildings Program – Update

Airbnb has revised their Friendly Buildings Program to make it more attractive to condominium corporations whose declarations permit short-term rentals. The program provides better security, control and compensation for costs from guest traffic. Buildings can monitor short-term rental activity with access to hosts, guests and dates, and guests provide government-issued identification. A portion of rental revenue can be shared with the condominium corporation, liability insurance is extended to cover common areas, and hosts pay $50 per month for building upkeep. Management has the option of viewing and approving each host's listing before it goes live on the site.