Airbnb partners with Century 21 to let Parisians sublet their apartments

Airbnb is testing a new commercial agreement in Paris to bypass the strict French rental regulations. The company is now partnering with the international real estate company Century 21 to effectively close a deal by signing a new lease that establishes that a Parisian tenant can sublet his apartment on Airbnb, provided the owner and Century 21 obtain a reduction of the rent. 23 percent. and 7 percent, respectively.

"The objective is to facilitate subletting so that hosts can receive guests up to 120 days per year on Airbnb, an agreement in which everyone wins, such as tenants, owners and the agency, all share the income when it is made a reservation on Airbnb, "reads a joint publication published on the Airbnb website today. "With the rental of Airbnb, the sublease will be much better supervised, and this agreement does not exhaust the supply of housing in tense areas, but encourages the subletting of occupied homes."

Airbnb's problems in Paris date back to last year, when Paris authorities threatened to sue the company for allowing users the site without the owners' permission and without properly registering the apartment with the city. This happened after Paris instituted an annual limit of 120 days for apartment rentals in November 2017. Paris complied in April of this year, filing a lawsuit against Airbnb for the tens of thousands of unregistered lists on the site, a Most of which were subletted

Now, to preserve your business in one of the most coveted destinations in the world, Airbnb is testing this Century 21 agreement to see if it can move forward with the sublease. "In Paris, more than 60 percent of households are rented, and housing is their main expense," said Airbnb in their press release, "with this new sublease regime, they will be able to increase their purchasing power and build their lives in Paris." . "This contract will also allow more mobility for students and young workers, and when they travel, they can receive an additional source of income." Airbnb says it can extend the agreement to other Century 21 branches, of which there are more than 850 in all of France, if they are considered successful.

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