Short-Term Rental Regulations in Paris, FR 2018-05-24T14:07:38+00:00

Short-Term Rental Regulations in Paris, FR

Short-Term Rental Regulations in Paris, FR

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Paris is the capital and most populous city in France, with an area of 105 square kilometres (41 square miles) and a population of 2,206,488. Since the 17th century, Paris has been one of Europe’s major centres of finance, commerce, fashion, science, and the arts. The Paris Region had a GDP of €681 billion (US$850 billion) in 2016, accounting for 31 per cent of the GDP of France. In 2013-14, the Paris Region had the third-highest GDP in the world and the largest regional GDP in the EU.

Summary of Short Term Rental Regulations

Short-Term Rental Regulations in Paris, FR – According to current legislation, short term means you rent for less than 1 year / 9 months to a student. There are proposals to reduce the definition to a shorter period of time. But for the moment the existing law applies.

The new rules affect you if you’re renting out your property short term via an online rental platform like Airbnb. They also apply if you rent out in any community in France of more than 200,000 inhabitants.

They require you to register your rental property with your Mairie (Town Hall) and to obtain a registration number. You must cite this on your online listing. If you earn more than €5,000 a year, you’re liable to pay income tax on your rental earnings.

You’ll also have to verify if it’s your primary or secondary residence. This is because:

  • As the owner of an apartment in France, you can rent out your apartment for short periods of up to 120 days a year if it’s your primary residence.
  • If it’s your secondary residence, the law allows you to rent it furnished for periods of one year or more only. This is the case for most international owners. City officials consider renting a second home for shorter periods than that to be a business. This requires commercial zoning, a costly and bureaucratic process that needs legal advice.

The law now puts the onus on the online rental platforms. They must ensure that the 120 rental days for primary residence owners are not exceeded. They could be penalized for not doing so.

The city will send letters to Airbnb rental hosts in Paris who do not follow the new regulations, warning them to follow their home-sharing rules. Failing to do so can mean a fine of up to €25,000.

Link to Article L 631-7 of the Code de la Construction et de l’Habitation
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Article Sources:

SHORT TERM RENTALS REGULATION & LICENSING

PARIS SUMMARY

https://en.wikipedia.org/wiki/Paris

Short-Term Rental Regulations in Paris, FR

Posted By Noah Goldfeder

Marketing Team
Posted: Friday April 20th 2018

Short-Term Rental Regulations in Paris, FR

Posted By Noah Goldfeder

Marketing Team
Posted: Friday April 20th 2018

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