A new city law requiring landlords to register with the city in order to maintain their short-term rental listings on Airbnb and similar sites takes effect on Tuesday. Violators could be fined as much as $5,000.
Make your contribution now and help Gothamist thrive in 2023.Dramatic changes to New York City’s short-term rental market are set to kick in on Tuesday with a new city law requiring landlords to register with the city in order to maintain their listings on Airbnb, Vrbo or similar sites. Violators could be fined as much as $5,000.
Gia Sharp, a homeowner in Sunset Park and a co-founder of Restore Homeowner Autonomy and Rights, or RHOAR, said that prospect is “terrifying.” However, Michael McKee of the Tenants Political Action Committee said he anticipated that thousands of units currently being rented short-term on sites like Airbnb “would be returned to the residential rental market” over the coming year, which would in turn help mitigate the city’s housing crisis.
that it “will focus on collaborating with the booking platforms to ensure they are using the city's verification system, that all verifications are occurring correctly, and that the platforms stop processing unverified transactions.”
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