top cx logo
cx logo
Explorearrow down
search icon

Airbnb and Century 21 sign sublet agreement in Paris

Homeowners and renters in Paris and beyond look set to profit from a new subletting partnership trial signed between home-sharing website Airbnb and estate agent Century 21.

The US home-sharing giant has confirmed it has signed an agreement with the French estate agent group in a bid to “simplify and facilitate the subletting of housing”.

It is said to be the first collaboration of its kind in the world.

The agreement will establish a fixed allocation of revenue from the rental: 70% to the renter, 23% to the owner, and 7% to Century 21, who will manage the administrative work.

Renters will be required to get permission from the property owner to take part.

The scheme has also confirmed that it will “take care that renters will not be able to exploit the 120-day per year legal limit” per property, which has been imposed on Airbnb in Paris.

The collaboration will first be tested in Paris, and - should it be successful - expects to spread to major towns across France.

It is the latest initiative to hit the Airbnb economy in Paris, which some see as controversial and facilitating the alleged illegal renting of furnished properties across the capital.

Ian Brossat, Paris deputy mayor, said: “The mayor of Paris [Anne Hidalgo] has no hostility towards the principle of this”, on condition that “necessary” conditions be met.

He added: “I will be extremely vigilant [to be sure that this subletting agreement] does not cause a problem to the Parisian estate agency market.”

Mr Brossat also specified that “this should not lead to an increase in rents”, with the risk set to be tempered by a return in Paris to “rent control”, which the mayoral office is seeking to “reactive as of this autumn”, he said.

Stay informed:
Sign up to our free weekly e-newsletter
Subscribe to access all our online articles and receive our printed monthly newspaper The Connexion at your home. News analysis, features and practical help for English-speakers in France

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Healthcare in France*
Featured Help Guide
- Understand the French healthcare system, how you access it and how you are reimbursed - Useful if you are new to the French healthcare system or want a more in-depth understanding - Reader question and answer section Aimed at non-French nationals living here, the guide gives an overview of what you are (and are not) covered for. There is also information for second-home owners and regular visitors.
Get news, views and information from France