Emily Ratajkowski’s husband, Sebastian Bear-McClard, is being accused of exploiting a legal loophole that allows him to live rent-free.
Sources connected to the married couple tell us that Sebastian, a millionaire film producer worth almost $12 million, currently lives in a 1,100 square feet apartment in Greenwich Villiage, New York.
According to our sources, he sublet a flat in 2013 but since the lease expired in 2017, no rent has been paid — accumulating almost $120,000.
The legal loophole our sources are referencing is known as the “Loft Law”, which ultimately prevents landlords from evicting low-income tenants that subsequently live in the lofts of commercial buildings.
If the building has neither fire safety protection nor a certificate of occupancy, the tenant cannot be evicted. Our sources are telling us the building does not have a certificate of occupancy.
The New York Post has spoken with Carolyn Daly, a spokeswoman for the coalition of loft buildings, who said, “Here is a prime example, in prime NYC real estate, where an uber-wealthy celebrity couple and tenant can take advantage and exploit a law that was intended for truly struggling artists and low-income families in need of affordable housing.”