Judge Evicts Rent-Stabilized Tenant for Listing on Airbnb
"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.