Some of the agencies who have created a business out of renting apartments in Paris as vacation properties have formed a group called “la Federation des Loueurs d’Appartements Temporaires” (FLAT) – the full list of prospective members represents about one fifth (7,000+) of the estimated (by the Mairie of Paris) 38,000 private apartments in Paris currently let as short-term, usually vacation, rentals.
The agencies who are planning to form a committee to address the problems they now face, represent 700 apartments or about 2 percent of the short term lets in Paris.
The next couple of months will be interesting, the committee plans to set out an agenda and actions to ascertain the size of the threatened legal action against landlords who break the laws in paris and to determine if there are ways to comply with the laws and regulations in force.
This seems a sensible approach, although it does seem foolhardy to invest in and establish a business which is based on an illegal activity, even though, until now, no serious threat has been made to enforce the laws.
No Comments on “FLAT spin for Paris Rentals”
You can track this conversation through its atom feed.