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San Francisco City Attorney Dennis Herrera is laying down the law — literally. Today, Herrera’s office announced a $2.25 million settlement with two property owners in the city. The landlords, Darren and Valerie Lee, ran “an illicit hotel chain during San Francisco’s housing crisis rather than lawfully renting the units to residential tenants,” Herrera’s office wrote in a press release.
As part of today’s settlement, the Lees are not allowed to rent out any of their units as short-term rentals until at least May 2025. The property owners must also pay the city $2.25 million to cover the costs of the investigation and other penalties.
“These are not the type of hosts we want on our platform and are glad
Read full article » https://techcrunch.com/2018/11/05/sf-fines-two-landords-2-25-million-for-illegal-airbnb-rentals/
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