UK: Airbnb is expanding its rent-to-rent model into the UK with immediate effect, via a partnership with real estate developer and manager, Greystar.
The company debuted its Airbnb-friendly apartments [AFA] listing service back in 2022, when it initially partnered with 250 buildings in cities such as Houston, Phoenix, Jacksonville and New York City to enable renters to lease out their apartments on a part-time basis through the platform [when they are not using the property themselves]. Partners on the programme already include Greystar, Starwood Capital Group, GoldOller Real Estate Investments, Milhaus, Space Craft, Equity Residential and UDR Inc.
From today, tenants in almost 1,500 flats across three properties managed by Greystar in London will be able to sublet their homes on a part-time basis. Prospective tenants will be obliged to sign a contract with their landlord to establish key hosting rules for subletting [including limits on the number of…
