Key Points
Airbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a "de facto ban" against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city...
Some of them require hosts to obtain licenses and pay registration fees or limit short-term rentals in business districts..
The company's filing in the New York State Supreme Court says New York's city council, through legislation passed in 2022, effectively implemented "its most extreme and oppressive regulatory scheme yet, which operates as a de facto ban against short-term rentals in New York.".
The law, according to the filing, will make it more difficult for hosts to do business, requiring them to register with the New York City Mayor's Office of Special Enforcement (OSE) and to certify that they will comply with "the maze of complex regulations" for zoning, multiple dwelling law and housing maintenance code as well as construction code. ..
The number of short-term rental listings available in New York City increased 27% year-over-year in April 2023 but listing counts are 32% below 2019 levels, according to short-term rental analytics company AirDNA..
You might be interested in
6 Months After New York Banned Airbnb, New Jersey Is Doing Great
05, Mar, 24New York placed strict restrictions on short-term rentals last year. Rents still remain high, and some former hosts are frustrated. Meanwhile, Airbnb rentals in New Jersey are booming.
New York’s Airbnb Ban Is Causing a Christmas Crunch
17, Jan, 24Hotel prices and tourism numbers are up as New York City goes through its first holiday season with new rules that ban nearly all Airbnbs and other short-term rentals.
New York Cracked Down on Airbnb One Year Ago. NYC Housing Is Still a Mess
06, Sep, 24The city’s short-term stay law was meant to lower rents and open up apartments for full-time residents. Critics claim the data shows it’s not working.
New York’s Airbnb Ban Is Descending Into Pure Chaos
09, Oct, 23People are listing short-term rentals on social media and lesser-known platforms, bolstering a rental black market in New York City.