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Saving For a Space Ship

50,000 apartment operator sues Airbnb, alleging 'illicit subletting'

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 Denver apartment operator sues Airbnb, alleging 'illicit subletting'

http://www.bizjournals.com/denver/news/2017/02/17/denver-apartment-aimcooperator-sues-airbnb-for.html

Quote

..."Those assisted by Airbnb to use Aimco property in violation of the Aimco lease are trespassers, with unvetted personal histories, and no vested interest in maintaining a peaceful community atmosphere," Aimco claims.

Aimco, one of the nation’s largest owners and operators of apartments, says short-term rentals of its apartments through Airbnb "are expressly prohibited by Aimco's lease agreements" and added "transient Airbnb clients have posed safety and quality of life concerns for Aimco's full-time residents."

Aimco is ranked by the Denver Business Journal as the 14th-largest public company, ranked by 2015 net income.

Airbnb's reaction to the suit: "This attack on the middle class by powerful interests is wholly without merit," said Nick Papas of Airbnb...

 

Edited by Saving For a Space Ship

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8 hours ago, 200p said:

Another battle front involving the Global Capital Vs Landowning Elite here.

Lots of them coming up.

The furore over Business Rates in the UK is going to be another one. 

The current government with aid from HMRC are walking into a sh*t storm on that one.

https://www.theguardian.com/business/2017/feb/19/sainsburys-chief-calls-for-fundamental-reform-of-business-rates

This a hand grenade with the pin out left by Cameron and Osborne.

Land unlike Capital and Labour cannot be globalized 

This why their are so many local property bubbles around the planet even though land itself is not in short supply globally. 

These bubbles have perverse consequences as we are currently seeing with Business Rates.

Edited by stormymonday_2011

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I'm tempted to side with the big greedy landowner here.

I lived in a quite nice block of city centre apartments for a while. In general, it was pretty peaceful for a city centre location, mainly because the residents were sensible and well behaved. 

Then, an airbnb like company started up (I think it was called forgetthehotel.com) and signed up a number of flat owners, the problem was that typical clientele were not business travellers or family tourists, but rather stag dos, student parties, etc. With these came considerable vandalism (destroyed lifts, lights, smashed doors, graffiti on cars), thefts (bins, plants), rubbish everywhere, etc.

By good fortune, the lease for each flat had a covenant that the flat could not be sublet for a period shorter than 1 year, so a reminder to owners and the threat of lease forfeiture got things stopped fairly promptly.

Edited by ChumpusRex

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