Interpreting New York’s Heightened Restrictions on Airbnb and Other Short-Term Rentals
by Dan Wurtzel
Although New York City already prohibits leases fewer than 30 days in multiple-dwelling buildings, on Oct. 21, 2016, the state legislature piled on significant fines for those who advertise any listing that disregards the law. Owners and renters now face fines that range from $1,000 up to $7,500.
Click here to read the full article by President Dan Wurtzel.
Although New York City already prohibits leases fewer than 30 days in multiple-dwelling buildings, on Oct. 21, 2016, the state legislature piled on significant fines for those who advertise any listing that disregards the law. Owners and renters now face fines that range from $1,000 up to $7,500.
Click here to read the full article by President Dan Wurtzel.