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This is not over
Clashing over exchanged insults that compromise their reputations, a woman running from her sordid past and a doctor's wife who depends on tenant income risk everything to protect shattering secrets.
Book
Retail turnover clauses in an online world
Purpose of this paper: Traditionally, lessors and lessees of especially national tenants use a risk-sharing retail rental model, which consists of a fixed rental and a risk sharing component, the so-called turnover clause. In an online retail environment, however, revenue is generated through several channels and it is not possible to assign to each store a portion of the total revenue by simply looking at individual instore turnover. The opportunity of selling online provides disincentives to tenants to generate instore revenues, thereby increasing the risk of turnover-based contracts becoming ineffective. This article investigates whether the commonly used risk-sharing clause in retail rental agreements used in South Africa is still the most relevant in this changing environment. Four alternative rental constructs: (i) fixed rental only, (ii) turnover rental only (iii) geofenced rental and (iv) alternative performance metrics are investigated. Methodology: Role players in the South African retail real estate are interviewed and questions formulated based on the results of the literature review are discussed on a one-on-one basis. The interviews are analysed and solutions to accommodate the disruptive effects of online retailing on the calculation of turnover rentals are tested against industry knowledge of the participants. Findings: The preliminary finding is that the existing model will continue to be the preferred model for the foreseeable future because of the underlying adversarial relationship between retail lessors and lessees and the existing model’s ability to share risk while guaranteeing a minimum fixed rental.
Journal Article
Rent gap reloaded
In light of the advent of Airbnb, rent gap theory can be helpful for understanding how tourist rentals affect residential rental housing. It is argued that on those properties currently rented to residents, rental payments are not only ‘actual ground rent’, but also ‘potential ground rent’. The shift from a residential to a touristic use of rental housing thereby creates a potential ground rent. Taking as a case study the Palma Old Quarter in Mallorca, Spain, this paper analyses the evolution of the stock, prices, and revenues of residential rentals vis-à-vis tourist rentals and finds that, because it is more profitable to rent to tourists than to residents, the number of houses listed on Airbnb has increased, housing affordability for residents has shrunk, and the threat of displacement has increased.
随着爱彼迎的出现，租金差距理论有助于了解旅游租赁如何影响居住租赁。有人认为，对于目前租给居民的房产，租金不仅是“实际地租”，还包括“潜在地租”。从居住到旅游租赁的转变从而创造了潜在地租。以西班牙马略卡岛帕尔马老城区为例，本文分析了居住租赁的存量房、价格和收入相对于旅游租赁的演变，并发现，由于旅游租赁比居住租赁更有利可图，挂在爱彼迎上的房屋数量增加，居民住房负担能力下降，流离失所的威胁增加了。
Journal Article
A Tale of Two Cities : Rental Housing Sub-Markets in Informal Settlements of New and Old Hyderabad
The majority of the world's population now live in cities (United Nations, 2014), and it has been projected that the largest contribution to urban growth is likely to come from the proliferation and expansion of informal settlements in African and Asian Cities (UNHabitat, 2016). Given the rate of growth, the sheer volume as well as the nature of urbanisation, the question of housing is not just critical but also increasingly complex. One of the critical gaps in our understanding of these phenomena relates to relative paucity of research on rental arrangements between landlords and tenants in informal settlements. This thesis addresses this critical gap, applying institutional analysis to the study of transactions between landlords and tenants in two informal settlements in Hyderabad, India. The research draws on fieldwork conducted between January 2014 and May 2015, that involved a survey of 137 households across the two settlements, as well as interviews with key informants and local experts. The innovative interdisciplinary framework adopted places the transaction at the centre of the analysis, and provides a strong theoretical basis for the identification of sets of rules that shape these. There were distinct differences found between the two settlements in terms of built environment, demographics and ethnic and religious identity that are linked to the specific histories of the settlements, and the impact of urban policy over the past two decades. There were also specific differences found pertaining to access to rental housing for different groups such as young men and middle aged women, though the role of gender in mediating these transactions was multi-faceted. The key finding of the research is that rental transactions in both sub-markets conform to abroad set of congruent and stable rules that are identified as the Kirayadar-Makandar relationship or institution, which specifies the rights and duties of landlords and tenants. The scope of the research precludes a discussion of the geographical boundaries of the institution.
Dissertation
Opportunités et difficultés de l'activité de location meublée exercée en France par les non-résidents
L’activité de location meublée réalisée en France par des investisseurs non résidents s’est accrue ces dernières années, en raison d’une part de l’augmentation du nombre d’offres de logements, en particulier via les plateformes en ligne, accessibles au plus grand nombre, et d’autre part d’un accroissement des demandes d’hébergement pour des séjours touristiques de courte durée.
Trade Publication Article
Housing rental availability index: A tool for addressing supply-demand challenges in rental markets
We develop a Housing Rental Availability Index (HRAI) to measure rental housing availability across Poland by incorporating household income, rental prices, and supply-side factors. The HRAI is constructed using the structured parametric approach, offering a comprehensive and adaptable framework for analysing rental housing dynamics in Poland. Based on the Polish rental market data from 2021 to 2024, the HRAI reveals that supply constraints and rent fluctuations have a greater impact on rental availability than household income. This result challenges traditional affordability metrics. Sensitivity analysis confirms that rental availability emerges from the interaction of supply and demand rather than from either factor alone. This integrated approach positions HRAI as an “anti-separatist” indicator and presents an original approach to examining rental housing availability. The index can help local and national policymakers design targeted rent subsidies, address supply-demand imbalances, and promote spatial equity. Our findings highlight the value of combining economic measures into a single availability index and provide a framework for applying the HRAI in both academic research and housing policy decisions.
Journal Article
Progress on Airbnb: a literature review
Purpose
The purpose of this paper is to review the extant literature on Airbnb – one of the most significant recent innovations in the tourism sector – to assess the research progress that has been accomplished to date.
Design/methodology/approach
Numerous journal databases were searched, and 132 peer-reviewed journal articles from various disciplines were reviewed. Key attributes of each paper were recorded, and a content analysis was undertaken.
Findings
A survey of the literature found that the majority of Airbnb research has been published quite recently, often in hospitality/tourism journals, and the research has been conducted primarily by researchers in the USA/Canada and Europe. Based on the content analysis, the papers were divided into six thematic categories – Airbnb guests, Airbnb hosts, Airbnb supply and its impacts on destinations, Airbnb regulation, Airbnb’s impacts on the tourism sector and the Airbnb company. Consistent findings have begun to emerge on several important topics, including guests’ motivations and the geographical dispersion of listings. However, many research gaps remain, so numerous suggestions for future research are provided.
Practical implications
By reviewing a large body of literature on a fairly novel and timely topic, this research provides a concise summary of Airbnb knowledge that will assist industry practitioners as they adapt to the recent rapid emergence of Airbnb.
Originality/value
This is the first paper to review the extant literature specifically about Airbnb.
论Airbnb的发展：文献综述
摘要
研究目的
本论文旨在审视过去文献对Airbnb的研究-旅游业中最显著发明之一-以衡量迄今为止的研究发展历程。
研究设计/方法/途径
经过大量文献搜索，共132份同行评审型期刊文章，来自不同研究领域，被作者审阅。每个文章的关键词被摘抄出来，本论文采用内容分析方法来分析文本。
研究结果
经过文献综述，作者发现大多数Airbnb研究都发表在近几年，往往发表在酒店/旅游期刊。期刊文章作者集中在美国/加拿大和欧洲。基于内容分析结果，发表的期刊文章被分类在六个主题-Airbnb顾客、Airbnb服务提供主、Airbnb供应商、以及其对旅游目的地的影响，Airbnb规范、Airbnb对旅游行业的影响、以及Airbnb公司。研究结果还归纳出几项重要的话题，包括顾客动机和民宿地理分布。然而，大多数研究空缺仍然存在，因此，本论文总结出多项未来研究方向。
研究实践意义
本论文通过审阅大量较新和及时的文献，对Airbnb的相关知识进行了精准梳理，这个研究结果对从业者适应Airbnb较新较快发展的现象，有着实践意义。
研究原创性/价值
本论文是首篇审阅有关Aribnb文献的文章。
关键词
Airbnb、文献综述、共享经济、P2P、短期出租
Journal Article