VIDEO: This bill would slap fines on Airbnb users who list entire apartments

Locals would be barred from advertising units as less-than-30-day rentals

TRD New York /
Jun.June 22, 2016 02:24 PM

The New York state legislature is closing in on tighter regulations for the short-term rental start-up Airbnb. Last week, a bill was passed that would make it illegal to advertise entire apartments for rent for less than 30 days.

In New York City, it’s already against the law to rent units for less than a month if the owner isn’t present. The new bill would now make the act of listing the unit illegal.

According to a recent analysis by The Real Deal, about 60 percent of Airbnb’s listings in the city are for whole units — meaning the owner isn’t home when the unit is rented out. If the bill is signed by Gov. Andrew Cuomo, those who post such listings would be fined $1,000 for a first-time offense, $5,000 the second time and $7,500 for any subsequent violations.

Advocates of the bill say that it will help to ease the affordable housing crisis in the city, those fighting it argue that regular New Yorkers depend on sites like Airbnb to help pay their bills.

Check out the whole story in the video above.

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
From left: Mayor Bill de Blasio, 54 West 39th Street, 62 Grand Street, and 208 West 30th Street (Credit: Google Maps)

The Airbnb crackdown continues: City targets three more buildings

Mayor Bill de Blasio and Stanley “Skip” Karol, an Airbnb host (Credit: Getty Images and Youtube)

Airbnb host narrowly clears hurdle in First Amendment claim against city

A West Village Airbnb listing (Credit: Airbnb)

Airbnb Luxe launched without listings in one of their biggest potential markets — why?

Airbnb lost by a landslide in Jersey City. What went wrong?

Airbnb lost by a landslide in Jersey City. What went wrong?

Results are in from Jersey City Airbnb referendum

Airbnb deflated as Jersey City voters tighten rental rules

Airbnb CEO Brian Chesky and Jersey City Mayor Steve Fulop (Credit: Twitter, iStock, Airbnb)

Stakes are high as Jersey City residents vote on Airbnb

Vacasa CEO Eric Breon (Credit: Vacasa)

Vacation rental startup Vacasa valued at $1B after new funding

SoftBank taps former Sprint CEO to fix WeWork, this borough could house Trump’s presidential library: Daily Digest

SoftBank taps former Sprint CEO to fix WeWork, this borough could house Trump’s presidential library: Daily Digest

arrow_forward_ios
Loading...