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{{InfoboxCompany
{{StubNotice}}
| Name = {{PAGENAME}}
{{CompanyCargo
| Type =
|Description=
| Founded =
|Founded=1994
| Industry =
|Industry=Real Estate
| Official Website =
|Logo=Akelius Logo.svg
| Logo =
|ParentCompany=
}}{{Placeholder box|Akelius is a corporate landlord that owns 20,000 rental apartments in major cities such as New York, Boston, Washington, Austin, Toronto, Montreal, Québec City, Ottawa, Paris and London.}}
|Type=Private
 
|Website=https://www.akelius.com/
[https://www.ohchr.org/en/press-releases/2020/04/corporate-landlord-abusing-tenants-human-rights-says-un-housing-expert]$1
}}
==Consumer impact summary==
'''[[wikipedia:Akelius|Akelius]]''' is a corporate landlord that owns 20,000 rental apartments in major cities such as New York, Boston, Washington, Austin, Toronto, Montreal, Québec City, Ottawa, Paris and London.
{{Placeholder box|The company has been accused by the United Nations of deliberately causing inhumane living conditions in order to drive residents out of their apartments and increase prices on subsequent tenants.}}
 
[https://www.ohchr.org/en/press-releases/2020/04/corporate-landlord-abusing-tenants-human-rights-says-un-housing-expert]$2
==Incidents==
==Incidents==
{{Placeholder box|If the company page is short enough and/or the incident is not deserving of it own page, add incidents below in sub-sections (including the points outlined in [[Consumer_Action_Taskforce:Sample/Incident/Help]]) without linking/creating an incident page.
If the company has various incidents listed and/or this page is getting too long, create subsections linking to each incident while linking to the main article and including a short summary. To link to the page use the "Hatnote" or "Main" templates.
If the company has numerous incidents then format them in a table (see [[Amazon]]). }}
This is a list of all consumer protection incidents this company is involved in. Any incidents not mentioned here can be found in the [[:Category:{{FULLPAGENAME}}|{{PAGENAME}} category]].
===Example incident one (''date'')===
{{Main|link to the main article}}
Short summary of the incident (could be the same as the summary preceding the article).
===Example incident two (''date'')===
...


==Products==
===Exploitative Rent Policies Under Berlin's Rent Cap (2020-2021)===
{{Placeholder box|This is a list of the company's product lines '''with articles on this wiki'''.
In 2020, the company evaded Berlin's short-term rent cap by including '''"shadow rents"''' in leases—secret provisions requesting payment of '''as much as five times the advertised rent''', retroactively payable if the law were to be annulled.<ref>{{Cite web |last=Šustr |first=Nicolas |date=26 Jul 2020 |title=Akelius will Kasse machen |url=https://www.nd-aktuell.de/artikel/1139639.akelius-akelius-will-kasse-machen.html |url-status=live |archive-url=http://web.archive.org/web/20250708185452/https://www.nd-aktuell.de/artikel/1139639.akelius-akelius-will-kasse-machen.html |archive-date=8 Jul 2025|access-date=11 Apr 2025 |website=www.nd-aktuell.de}}</ref> When Germany's constitutional court ruled the rent cap null and void in 2021, Akelius started to recover these overpayments from renters, fueling indignation.<ref>{{Cite web |last=Goodman |first=Imogen |date=21 Apr 2021 |title='Extraordinary situation': What can you do if your Berlin landlord demands rent cap arrears? |url=https://www.thelocal.de/20210421/extraordinary-situation-what-can-you-do-if-your-berlin-landlord-demands-rent-cap-arrears/ |url-status=live |archive-url=http://web.archive.org/web/20250708185454/https://www.thelocal.de/20210421/extraordinary-situation-what-can-you-do-if-your-berlin-landlord-demands-rent-cap-arrears/ |archive-date=8 Jul 2025|access-date=11 Apr 2025 |website=The Local Germany}}</ref> The Berlin government intervened with a '''€10 million interest-free loan fund''' to aid affected tenants from being evicted.<ref>{{Cite web |last=Casey |first=Ruairi |last2=Ponsford |first2=Matthew |date=26 Apr 2021 |title=The Enduring Legacy of Berlin’s Rent Cap |url=https://tribunemag.co.uk/2021/04/the-enduring-legacy-of-berlins-rent-cap |url-status=live |archive-url=http://web.archive.org/web/20250913061646/https://tribunemag.co.uk/2021/04/the-enduring-legacy-of-berlins-rent-cap/ |archive-date=13 Sep 2025|access-date=11 Apr 2025 |website=Tribune}}</ref>
* [[Example product line one]] (release date): Short summary of the product's incidents.
* [[Example product line two]] (release date):}}


==See also==
===UN Human Rights Violations Accusations (2020)===
{{Placeholder box|Link to relevant theme articles or companies with similar incidents.}}
The '''United Nations Human Rights Council''' called out Akelius for systemic '''"renovictions"'''—coercive renovations to remove tenants and circumvent rent control.<ref>{{Cite web |last=Smee |first=Michael |date=11 May 2020 |title=UN accuses Toronto apartment owner of human rights abuses |url=https://www.cbc.ca/news/canada/toronto/united-nations-toronto-apartment-human-rights-1.5563756 |url-status=live |archive-url=http://web.archive.org/web/20260222205850/https://www.cbc.ca/news/canada/toronto/united-nations-toronto-apartment-human-rights-1.5563756 |archive-date=22 Feb 2026|access-date=11 Apr 2025 |website=CBC News}}</ref><ref name=":0">{{Cite web |date=29 Apr 2020 |title=Corporate landlord is abusing tenants’ human rights, says UN housing expert |url=https://www.ohchr.org/en/press-releases/2020/04/corporate-landlord-abusing-tenants-human-rights-says-un-housing-expert?LangID=E&NewsID=25845 |url-status=live |archive-url=http://web.archive.org/web/20231007053222/https://www.ohchr.org/en/press-releases/2020/04/corporate-landlord-abusing-tenants-human-rights-says-un-housing-expert?LangID=E&NewsID=25845 |archive-date=7 Oct 2023|access-date=11 Apr 2025 |website=www.ohchr.org}}</ref> The UN Special Rapporteur on housing reported cases where residents were forced to live in uninhabitable conditions for months, with no running water or heating,<ref>{{Cite web |last=Simonpillai |first=Radheyan |date=11 Feb 2021 |title=As lockdown hit, Akelius tenants say cold water shortage lasted 96 days |url=https://nowtoronto.com/real-estate/akelius-canada-100-vaughan-road-cold-water-shortage/ |url-status=live |archive-url=http://web.archive.org/web/20250708185450/https://nowtoronto.com/real-estate/akelius-canada-100-vaughan-road-cold-water-shortage/ |archive-date=8 Jul 2025|access-date=11 Apr 2025 |website=NOW Magazine}}</ref> while Akelius undertook upscale overhauls to justify outrageous rent increases.<ref name=":0" /> Investigations also showed the company targeted low-income communities, disproportionately impacting vulnerable populations.


==References==
==References==
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[[Category:{{PAGENAME}}]]
[[Category:{{PAGENAME}}]]
[[Category:Akelius]]

Latest revision as of 21:45, 22 February 2026

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Akelius
Basic information
Founded 1994
Legal Structure Private
Industry Real Estate
Also known as
Official website https://www.akelius.com/

Akelius is a corporate landlord that owns 20,000 rental apartments in major cities such as New York, Boston, Washington, Austin, Toronto, Montreal, Québec City, Ottawa, Paris and London.

Incidents

[edit | edit source]

Exploitative Rent Policies Under Berlin's Rent Cap (2020-2021)

[edit | edit source]

In 2020, the company evaded Berlin's short-term rent cap by including "shadow rents" in leases—secret provisions requesting payment of as much as five times the advertised rent, retroactively payable if the law were to be annulled.[1] When Germany's constitutional court ruled the rent cap null and void in 2021, Akelius started to recover these overpayments from renters, fueling indignation.[2] The Berlin government intervened with a €10 million interest-free loan fund to aid affected tenants from being evicted.[3]

UN Human Rights Violations Accusations (2020)

[edit | edit source]

The United Nations Human Rights Council called out Akelius for systemic "renovictions"—coercive renovations to remove tenants and circumvent rent control.[4][5] The UN Special Rapporteur on housing reported cases where residents were forced to live in uninhabitable conditions for months, with no running water or heating,[6] while Akelius undertook upscale overhauls to justify outrageous rent increases.[5] Investigations also showed the company targeted low-income communities, disproportionately impacting vulnerable populations.

References

[edit | edit source]
  1. ↑ Šustr, Nicolas (26 Jul 2020). "Akelius will Kasse machen". www.nd-aktuell.de. Archived from the original on 8 Jul 2025. Retrieved 11 Apr 2025.
  2. ↑ Goodman, Imogen (21 Apr 2021). "'Extraordinary situation': What can you do if your Berlin landlord demands rent cap arrears?". The Local Germany. Archived from the original on 8 Jul 2025. Retrieved 11 Apr 2025.
  3. ↑ Casey, Ruairi; Ponsford, Matthew (26 Apr 2021). "The Enduring Legacy of Berlin's Rent Cap". Tribune. Archived from the original on 13 Sep 2025. Retrieved 11 Apr 2025.
  4. ↑ Smee, Michael (11 May 2020). "UN accuses Toronto apartment owner of human rights abuses". CBC News. Archived from the original on 22 Feb 2026. Retrieved 11 Apr 2025.
  5. ↑ 5.0 5.1 "Corporate landlord is abusing tenants' human rights, says UN housing expert". www.ohchr.org. 29 Apr 2020. Archived from the original on 7 Oct 2023. Retrieved 11 Apr 2025.
  6. ↑ Simonpillai, Radheyan (11 Feb 2021). "As lockdown hit, Akelius tenants say cold water shortage lasted 96 days". NOW Magazine. Archived from the original on 8 Jul 2025. Retrieved 11 Apr 2025.
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