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Money Matters and Legal / In Law

The City of Paris and Airbnb team up to better manage short-term rentals

Airbnb1

Airbnb, the world leader in online apartment rentals will work with the City of Paris, its number one destination, to better inform Parisians of rental rules to respect.

Leading online platform for property rentals Airbnb has announced concerted action with the City of Paris to ensure rental regulations are better respected. The objective is to better inform users and ensure they comply with the city’s regulations, with the long-term aim of allowing this form of property rental to expand without negatively impacting the housing supply.

The French capital is Airbnb’s top destination, with over 60,000 Parisian rentals on the platform. This fast-growing type of accommodation represents “a complementary offer to that of the hotel sector,” according to the City of Paris.

From April onwards, Airbnb and the City of Paris will carry out joint communications targeting owners exceeding the maximum of four months per year one is allowed to rent one’s primary residence. Airbnb has also stated it is committed to improving the presence and clarity of information regarding rental rules on its website.

Following a trial period of four months, the effectiveness of these measures will be assessed in terms of the number of requests from owners wishing to regularize their situation and by assessing how many properties are still rented out for more than the 120 days permitted. Measures will be reinforced if necessary.

This is the first time the collaborative rental platform signs this type of agreement with a municipality.

Jean-François Martins, the Parisian deputy in charge of tourism and sports welcomes Airbnb’s commitments, stating that “short-term rentals between individuals are an asset to the city and a chance for Parisians to increase their purchasing power, but shouldn’t put residents’ access to housing in jeopardy.”

Nicolas Ferrary, who heads Airbnb France, considers this “a further step in a long-term partnership with the city,” explaining that “through this partnership, Airbnb and the City of Paris wish to allow Parisians to better accommodate travellers in their homes and help them experience the city like locals — while safeguarding housing for Parisians.”

According to French law, property owners can rent their primary residences out for a maximum of four months per year without special permission. Beyond that, they must request a permit to change the use of their property from residential to commercial. Owners violating these rules risk fines of up to 25,000 euros.

In another move to comply with city regulations, Airbnb has been collecting the tourist tax directly from guests and paying it to the city since October 2015.

Photo credit: airbnb.fr

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