Dear New Yorkers,
Enforcement begins today on a New York City law requiring hosts who rent out housing for less than 30 days to register before collecting any money for bookings — including on major platforms like Airbnb or VRBO. The new Local Law 18 imposes hefty fines on hosts and booking websites that run afoul of registration rules. It aims to end listings for full apartments without hosts present during the stay. These are, in effect, illegal hotels that are already banned by law, although the ban has resisted enforcement so far. In 2021, the Office of Special Enforcement, charged with rooting out illegal hotels, issued summonses to owners of just 365 properties. A look at existing Airbnb listings shows the scope of the challenge. Before Labor Day, over 10,000 “entire apartment/home” listings on Airbnb in New York City offered availability for bookings shorter than the one-month threshold. And small landlords are pushing back on the new law. “We’ve lost autonomy over our homes,” says Jean Brandolini Lamb, who works with a coalition of homeowners who offer short-term rentals named RHOAR. The coalition, which formed a few months ago in response to Local Law 18, believes their members shouldn’t be subject to the same rules as large corporate landlords.
Read more here. |
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