Airbnb Faces Aimco Lawsuit

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After a series of lawsuits in 2016 against various cities, Airbnb now faces a lawsuit from Apartment Investment and Managing Company, or Aimco. Aimco is suing on the grounds that Airbnb is deliberately incentivizing people to breach their leases, particularly causing disruptions to Florida and California residents.

Aimco, which owns or manages about 50,000 apartment home properties, seeks compensation for monetary damages and court orders to prevent Airbnb from assisting Aimco tenants in breaching leases. Aimco tenants are prohibited from arranging short-term rentals in Aimco’s lease agreements, and sign a policy agreement promising good behavior and consideration for neighbors.

Aimco has previously notified Airbnb of these violations in August, October, and December of last year, but Airbnb has continued to keep Aimco properties on their platform.

According to Aimco CEO Terry Considine, “Our residents are our top priority. We are committed to providing them a safe and respectful environment. It is not acceptable to us that Airbnb actively promotes and profits from deliberate breaches of our leases, and does so in utter disregard of the disrespectful and unsafe situations created for our full-time residents and their families.”