Airbnb and Aimco settle dispute over short-term rentals at Aimco properties

The home-sharing giant and apartment operator have been battling since early 2017

TRD LOS ANGELES /
Dec.December 12, 2018 02:00 PM
From left: Airbnb CEO Brian Chesky, Aimco CEO Terry Considine and Park La Brea (Credit: Getty Images, Aimco, and Wikimedia Commons)

A legal tussle between Airbnb and Aimco over short-term rentals has ended with the two firms agreeing to dismiss all lawsuits between them.

The agreement “provides Aimco with the ability to control short-term rental activity” at its properties in line with its own policies, according to a joint statement by the firms, which was first reported by TechCrunch.

The home-sharing giant and apartment operator have battled it out since February 2017. Aimco, a Denver-based real estate investment trust, sued to hold Airbnb liable for tenants at its buildings renting out their units through the platform, which was in violation of their leases.

Aimco filed suits in California and in Florida. In California, it sued over activity at its Park La Brea complex in Los Angeles. It lost that case in January.

Its suit in Miami carried on, however. A judge ruled in July that Airbnb could be held liable for Aimco’s tenants’ activity on the platform.

The outcome of the lawsuits had widespread implications. Aimco is one of the country’s largest landlords with 184 properties across 22 states. The outcomes of the Florida suit would have set a precedent for future disputes between landlords and Airbnb.

It’s unclear if either party made any payments as part of the settlement, but it appears Aimco and Airbnb plan to turn over a new leaf.

“As part of the settlement, Aimco and Airbnb have agreed to meet to discuss opportunities in the multifamily housing market,” the joint statement said. [TechCrunch] – Dennis Lynch


Related Articles

arrow_forward_ios

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

HomeAway CEO Brian Sharples and Airbnb CEO Brian Chesky say they need a delay (Credit: Getty Images)

Airbnb to LA: Please don’t start enforcing new law on Nov. 1

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Glendale Mayor Ara Najarian and City Hall

No more “party house” in Glendale if new Airbnb law passes

Airbnb's Brian Chesky and Mike Bonin, LA city councilman for Venice

LA’s new Airbnb rules may price out some short-term renters in beach towns

Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

arrow_forward_ios