Prague accepts proposals to regulate Airbnb-like services
Prague City Council has approved proposals regulating short-term rentals, most often brokered by Airbnb, requiring them to provide data on rented apartments, their owners and their intermediaries, Czech radio reported.
Prague city councilors want anyone arranging short-term accommodation through online platforms to provide relevant information to the Municipal Business Licensing Office upon request.
An owner who has not registered a proper business license may be subject to a fine of up to 1 million CZK (approximately 39,384 EUR). For the proposals to become law, parliament would have to change some laws that would, for example, allow municipalities to use data to enforce payment of residence fees, Czech radio said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing decent journalism is an expensive business. For 27 years, the editors, editors and reporters of Budapest Business Journal have strived to bring you business news that works, information you can trust, that is factual, accurate and presented without fear or favour.
News organizations around the world are struggling to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer this same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our Support the BBJ button and you’ll be able to choose how much and how often you send us your contributions.