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The State Of The Short-Term Rental Market in Paris

June 29, 2012

Paris Furnished Rental AssociationAs some of you may know, the City of Paris has been cracking down on owners renting their apartments on a short-term basis. According to the City of Paris, an owner cannot let his or her apartment for less than a year unless he or she has previously been granted an authorization. This authorization can only be obtained by having the property reclassified as a commercially-zoned property (a very costly, if not impossible undertaking).

Penalties for owners renting for less than a year are severe and a fine of up to 25,000 Euros ($31,240) can be imposed.

The APLM was formed in March 2010 by a group of rental professionals partly in response to the new challenges facing the short-term and vacation rental industry in Paris. We recently conducted an interview with a member of the APLM, Alexandre Mony.

Q: Can you introduce APLM to our readers?

A: “The APLM (Paris Furnished Rental Association) was created in March 2010 and is a non profit organization. It was formed by a group of professional rental agencies mainly based in Paris who felt a need to work together toward establishing common business practices and ideals for the betterment of the long and short term furnished rental industry in France and in particular in Paris.”

Q: What are the APLM’s goals?

A: “Our main goals are:

– Promoting and defending the interests of the members of the association.
– Promoting the furnished rental business to the public.
– Developing a charter of good business practices, thereby providing our members with a code of ethics and endeavor to assist our clients to the best of our abilities.”

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One Comment
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