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Landlords Want a Share of Renters' Airbnb Revenue (thestack.com)
An anonymous reader writes: A group of leading U.S. property owners, including AvalonBay Communities and Camden Property Trust, have met with lodging rental site Airbnb to discuss ways that they can get a cut of their renters' income. The tech company has faced obstacles to its growth, with residents putting their leases in jeopardy by renting out their places to Airbnb users as temporary accommodation – a form of illegal subletting. A future agreement between owners and tenants could mean renters no longer need to take a risk when letting their apartments on the site.
As a landlord, I always include a "no subletting" clause in the agreement for exactly that reason. It's hard enough to get reimbursed if the tenant damages the property but if they've sublet to someone else then it becomes - for all practical purposes - pretty much impossible.
On the other hand, if the tenant really wanted to run the place as an AirBnB spot I wouldn't be demanding a cut per se, I'd just boost the rental to cover my additional risk instead.