Airbnb has signed a deal enabling tenants in Paris to sublet their homes via estate agent Century 21. Airbnb will take a transaction fee for each let, while the property's landlord and Century 21 will take a 23% and 7% cut of the rent, respectively. Newgard only informed residents of the policy after a Bloomberg reporter took up the story. The agreement is part of an effort by the company to expand its presence across Europe, where it currently operates in more than 20 countries. Paris has imposed rules requiring Airbnb hosts to register with the city government and caps listings at 120 nights per year.
Airbnb has signed a deal enabling tenants in Paris to sublet their homes via estate agent Century 21. Airbnb will take a transaction fee for each let, while the property's landlord and Century 21 will take a 23% and 7% cut of the rent, respectively. The agreement is part of an effort by the company to expand its presence across Europe, where it currently operates in more than 20 countries. Paris has imposed rules requiring Airbnb hosts to register with the city government and caps listings at 120 nights per year.