Would the ELAN law mark the end of the eldorado of private rental companies?
The law on the evolution of housing, development and digital, the draft of which was adopted at first reading on 12 June last, aims, inter alia, to limit the right for an individual to rent housing 365 days in a row.Indeed, this possibility will be limited to 120 days maximum per year and this is what seasonal rental sites such as airbnb, le bon coin or Abritel... have started to set up. Rentals will now be blocked as soon as they exceed 120 consecutive or non-consecutive days. The system will be in place by the end of 2018.These well-known sites anticipate their actions even before the final vote of the law and this is not without reason. Indeed, the fines incurred are high: from 5,000 to 10,000 euros for private rental companies and from 10,000 to 50,000 euros for rental sites! Given the number of well listed the addition could be salty for these intermediaries.However, this beautiful initiative has limits since it will only apply for the moment on the main residences leaving any latitude to the owners of second homes or rooms at the inhabitant.We can however suspect that this form of rental will gradually become much less profitable given the anger of hotel professionals who are losing a significant share of market share!If you would like to comment on this article from our legal blog or ask us free questions on this subject, please do not hesitate to contact us