Nearly two-thirds of New York city apartments recently listed
on Airbnb were illegal sublets, according to an affidavit from
the state Attorney General's office, the newspaper said.
The affidavit, which is expected to be filed in court on Monday
by the AG's office, shows 64 percent of Airbnb's 19,500-plus
offerings for January 31 cover an "entire apartment," the NY
Post said. (http://r.reuters.com/sun68v)
More than 200 of the offerings came from just five "hosts,"
suggesting third parties were renting out pads on behalf of
their owners, the newspaper said.
Schneiderman opened an investigation last year into whether
hosts on Airbnb, a Silicon Valley venture capital-backed website
that lets people put up spare rooms or couches for rent, are
breaking a 2010 law that prohibits renters from subletting their
room for less than 30 days.
Schneiderman's office first demanded in August that the company
turn over records of all Airbnb hosts in New York State. State
prosecutors issued a subpoena in October after failing to obtain
the records, despite several rounds of negotiations with Airbnb
lawyers. Airbnb then went to court to block the subpoena.
A group led by private equity firm TPG Capital Management LP has
agreed to invest $450 million in Airbnb, valuing the online
home-rental marketplace at $10 billion, a source familiar with
the matter told Reuters on Friday.
(Reporting by Supriya Kurane in Bangalore;
editing by Gopakumar
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