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Who's the host? The €60,000 question.

The EU regulation goes live in two days.

Everyone's checking their registration numbers.

Almost no one is checking the question that actually decides who carries the loss.

Who is the legal host?

In France, your property management company can register using its own SIRET. The PM is the host.

In Spain, the registration is tied to the owner's land registry record. The owner is the host.

Same regulation. Two completely different liability profiles.

Run a portfolio across both? You have two different businesses pretending to be one.

Here's the scenario nobody's running:

Wednesday, the data starts…

The skinny

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