Airbnb promotes itself as a home sharing system – a way for homeowners to make their permanent residences, vacation homes, second homes, and other unused property available to others for a reasonable nightly rental fee. The concept of Airbnb of exchanging empty space for dollars fills a niche in the market by connecting those who[…]
Austin, along with several other Texas cities, struck out against illegal sublets and passed legislation that banned short-term rentals in an attempt to respond to a housing shortage that has become more acute with the growth of the city. As the state capital, tourist destination, college town, and cultural and economic center, the demand for affordable short-term[…]
In the State of Illinois, including in Chicago, tenants have the right to sublet their rental property, so long as they get permission from their landlord. Short-term rentals, however, can be construed in Chicago to be vacation rentals and are illegal unless the rentor obtains a license. Jumping through hoops pays big for Airbnb hosts in a city[…]