A judge's ruling in New York has evicted a rent-stabilized tenant in Hell's Kitchen. Renters might want to reconsider the terms of their lease before listing their apartments for rent—especially if they live in a rent stabilized apartment.
"A Manhattan Housing Court judge has ruled that rent-stabilized tenants can’t double-dip — or get a financial break and turn around and make money peddling their pads to tourists on websites such as Airbnb," reports Julia Marsh.
March quotes New York State Sen. Liz Krueger, an opponent of Airbnb's business practices, to describe the implications of the ruling to the city's 35,354 Airbnb listings: "This decision reinforces what tenant advocates and I have been saying all along — almost all NYC residents who list their homes on sites like Airbnb are violating the terms of their leases and putting themselves at risk of eviction…"
The ruling by Judge Jack Stoller evicted a rent-stabilized tenant in Hell's Kitchen. The tenant, Henry Izeki, was paying $6,670 a month for the apartment—or two-thirds of the market price. Izeki was also listing the apartment on Airbnb for $649 a night.
FULL STORY: Rent-stabilized tenant evicted after cashing in on Airbnb
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research