""This is the largest fine ever imposed on a landlord. It is a huge victory, especially as this is a professional landlord with eleven properties, which is typical of companies that rent out properties en masse.""
"Paris city authorities estimate that there are around 25,000 illegal tourist rentals in the city, a problem that is exacerbating the city's severe housing shortage, along with second homes, which make up almost 10 percent of Paris housing stock, and vacant properties."
Paris courts imposed a €585,000 fine on property owners for illegally renting out units on Airbnb. The property, located in the 9th arrondissement, was converted into 11 self-contained units without necessary permits. This case is part of a broader crackdown on an estimated 25,000 illegal tourist rentals in Paris, which contribute to the city's housing crisis. The fine is the largest ever imposed on a landlord for such violations, highlighting the city's commitment to regulating short-term rentals.
Read at The Local France
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