They could fix it by having a lock on a week's worth of steem payments which is released back to the renter when the normal period is complete. Then if you get a default you at least get paid.
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This is true.
We're hoping people choose to use the escrow feature we already have to lock their 7 days.
We shall see soon what people tend to do.
Also we will see how common abuse actually is. Then adapt to that.
It'll be easy to adapt... but hopefully the escrow is enough.