- REAL ESTATE EDUCATION
- GIVING BACK
Rent-stabilized tenant evicted after cashing in on Airbnb
February 20, 2015
This could help doom scores of Airbnb rentals.
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.
The ruling is the first to outright evict a tenant under rent controls without giving him a second chance, said Frank Ricci of the Rent Stabilization Association, which represents more than 25,000 landlords.