NZ stops tenant profiting from illegal sublet
A tenant in NZ made $12,000 in 6 months renting their apartment on Airbnb. The apartment, in downtown Wellington, would have been in high demand and the short-term rental income would have easily topped the $650 weekly rent.
Illegal subletting is massively underreported I’m sure, but it’s impossible to get real stats on it. It’s hard to find, and when it is it’s often resolved privately (eg lease termination)
In this case we have a happy ending. The Tenancy Tribunal rules that the tenant’s profits from their Airbnb rents had to be given to the owner. About $2000 in total. Doubt that’s much comfort for them for all the hassle and worry, but it’s something. And they still need to collect it…
Our technology stops illegal sublets before they’re a problem. For a fraction of the price of a Tenancy Tribunal case too.