Airbnb

What To Do About Short Term Rentals in New York City

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Starting in 2010-2011, New York began addressing the burgeoning short term rental business via amendments to a host of laws: the Multiple Dwelling Law (Section 4. a. 8(a)), the Housing Maintenance Code (Section 27-2004. a. 8(a)), the Administrative Code (Section 27-265) and New York City Building Code (Section 310.1.2) which all prohibit short term rentals in Class A multiple dwellings. The aim was to ensure that such dwellings were used “for permanent residence purposes” — generally meaning that it became illegal to rent such a unit for less than thirty days.

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Is Illegal Subletting Putting Your Property At Risk?

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The last few years have seen explosive growth in illegal subletting, with the main driver being the increasingly mainstream adoption of short term rental sites like airbnb.com. Airbnb and its ilk, while disrupting the entire hotel industry, are also impacting hosts (people that rent or sublet their home through the rental sites), their guests, other tenants in the building, property managers, and, in some cases, even entire cities – cities where housing crises are made more acute with housing stock taken off the market and converted into unregulated hotels.

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