KUALA LUMPUR (Sept 16): While there is no regulation on short-term tenants such as Airbnb, Endah Promenade management corporation (MC) chairman Siew Yee Hoong advised operators to get approval from their property’s management body. “Whether you agree or not, you can raise your views at the annual general meeting or extraordinary general meeting within your community. For me, I believe it has nothing to do with whether short-term tenancies are okay or not okay — it depends on the location and situation. He said even if the majority has agreed that unit owners can have short-term tenants, the management body should set conditions to protect the benefits of the residents. “In my opinion, I think the operator need to register with the management office, limiting the number of persons and impose a security deposit should there be damage on the asset of the common property,” Siew noted.

Source: The Edge Markets September 16, 2017 09:45 UTC