What’s Going On?
Guests who rent properties may be owed interest on funds that are required to be deposited at the time of booking. Zimmerman Reed LLP is currently investigating whether interest that is earned on funds held in escrow by Airbnb should be paid to renters under applicable law.
When guests book a property on the Airbnb platform, they are typically required to immediately deposit funds for the rental—those funds are held until the completion of the stay and then forwarded to the host. When bookings are made far in advance of the stay, the deposited funds may earn interest during the time between the booking and the stay. However, according to reports, Airbnb keeps that interest for itself rather than providing the money to the guest whose funds earned the interest. That may violate the law.
Am I Eligible?
You likely qualify if you rented a property through Airbnb and paid funds in advance of your stay. Fill out the form below and we’ll confirm.
Where Can I Bring My Claim?
Airbnb’s Terms and Conditions require claims to be resolved through arbitration proceedings, rather than in court. The good news: Zimmerman Reed has extensive experience handling consumer arbitrations, and we are here to help consumers interested in presenting such claims to recover compensation that may be due to them.
What Should I Do Next?
- Provide basic details for us to review
- If your claim qualifies, Zimmerman Reed will proceed with your claim and keep you updated on next steps.
What Fees or Costs Does Zimmerman Reed Charge?
There is no cost to get started and no cost if we don’t recover anything for you. Zimmerman Reed advances all filing and arbitration costs. We only receive a fee if we recover something for you. Whether to accept a settlement is always your decision.
I Have Questions. How Do I Contact You?
Still not sure if this applies to you? Use the contact form and someone from our team will follow up shortly.
