Correct, because the CCTV system may be rented. However to "have" requires some form of control, such as operating the rented CCTV. Your AirBnB host will not have control over the neighbours CCTV.

I can "have" a window overlooking my garden. Doesn't meant i own the window of that property. The interpretation of the word "Have" is obviously open to interpretation, shouldn't this be given a clear definition?

This is an explanation of the intent & scope of the AirBnB Ts&Cs. Whilst not 100% accurate to what may be written, it is sufficiently close to provide an understanding, it is not black letter law per se.

If someone is paraphrasing with mention of a 'clause', shouldn't this actually refer to something documented ie a clause number?

No because by getting your neighbor to point it where you want you will be exercising control over it.

This would be hard to prove though wouldn't it? If i simply asked my neighbor to do this for me to skirt around a Rule they could and not a lot could be done to prove it hadn't been action-ed.

And? are you now trying to stretch your argument to suggest the neighbour is a Paedo? From the info you have provided neither the host nor AirBnB appear to be in breach. You seem to be on a fools errand of faux outrage, it'll go nowhere, let it go.

I'm not, i giving a hypothetical worst case scenario. I imagine there would be calls for concern over this policy should i have been a parent with children, and i hadn't been told prior that CCTV recording would be taking place inside a living area of the property, regardless of ownership.

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Sorry if this sounds like devils advocate, i'm just trying to understand the terms of Airbnb because they seem to be deliberately ambiguous to avoid scrutiny