New rule to take effect for NYC's short-term rentals

Starting Tuesday, New York City's new law requiring landlords to register with the city in order to maintain their listings on Airbnb, Vrbo or similar sites is set to nullify thousands of short-term rental listings and could result in fines of up to $5,000 for violators.

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Relevant topic timeline:

9/3/2023

NYC Airbnb reckoning: New restrictions will make life more difficult for hosts, and some may find their listings banned altogether

New York City will start enforcing a law requiring short-term rental hosts on platforms like Airbnb to register, with new rules including bans on entire-unit rentals and a requirement for hosts to stay in-unit with guests, which could lead to the closure of thousands of rentals, while some operators see it as an opportunity for luxury short-term rentals.

9/4/2023

Thousands of NYC Airbnb listings face removal as city drags feet over...

Thousands of Airbnb rentals in New York City may be delisted due to the city's failure to verify new regulations, leaving hosts uncertain and potentially facing fines of up to $5,000.

9/6/2023

New York City’s crackdown on Airbnb and short-term rentals goes into effect

New rules in New York City require short-term rental hosts to register with the city government, with fines ranging from $1,000 to $5,000 for violations, in an effort to crack down on illegal listings and protect travelers from unsafe accommodations.

9/13/2023

New York's Airbnb Crackdown Drives Short-Term Rentals Underground

New York City's restrictions on Airbnb and other short-term rental platforms have led to the emergence of a black market for rentals, with hosts resorting to informal methods such as Craigslist and Facebook Marketplace to attract guests and arrange payments. Despite the regulations, hosts find ways to continue renting out their properties and earning income through alternative avenues.

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Posted 9/4/2023, 9:06:00 PM