Morgan A. Stewart is a partner with Manly, Stewart & Finaldi, an Irvine, Calif.–based law firm that specializes in real estate. He devotes his practice to advising national multifamily and commercial real estate clients on legal issues, including construction litigation, insurance bad faith, general corporate formation issues, contract negotiation and development, and personal injury.
The use of online community channels such as Airbnb and VRBO to rent out living space has exploded. So have accompanying lawsuits, regulations, and risks and benefits.
Square footage figures have long been considered indispensable when it comes to marketing multifamily units. Yet, though the practice of maximizing square footage is fairly common, there is limited legal guidance that defines acceptable differences between represented and actual size.