In what can be a sign of things to come in the future of New York City’s continuing fight against Airbnb’s short-term rentals, the New York State Senate recently passed a bill that would make it illegal to advertise any short-term rentals (short-term is classified as anything less than 30 days) for entire homes on their website.
Although this is a first step in the process, the Bill now has to go through to Governor Andrew Cuomo’s office for either an approval or a veto.
In 2010, New York City amended it’s Multiple Dwelling Law as a way to deter short-term rentals, and illegal hotels, such as these. In recent years, Cooperative and Condominium buildings have seen an explosion of activity with Airbnb rentals and beyond violation of the city’s laws, these illegal use of apartments will be violating either the Proprietary Lease or Condo Bylaws, with relation to the use of the apartment and the subleasing / leasing provisions. In cooperatives, especially, we have recently seen a surge in shareholders being taken to Housing Court for the illegal use of their apartments.
For those owners and occupants who list their apartment on Airbnb as a short-term rental for the entire apartment (if the law goes into effect), they would be subject to fines; starting at $1,000 for the first offense, $5,000 for the second offense and $7,500 for the third offense.