How To Guide For: A Look At The Latest Airbnb Regulations

In October 2016 -- New York Governor Andrew Cuomo signed a bill into law that imposes fines up to $7,500 for hosts who advertise illegal short-term rentals for multiple-unit dwellings for less than 30 days on alternative accommodation platforms. In New York City a residential property located in a multiple residential dwelling unit, such as an apartment building, must be occupied by the same person or family for 30 or more consecutive days. It is illegal to have paying guests for less than 30 days--unless the property is a licensed hotel, bed-and-breakfast, or other similar business. But it is not illegal to rent a room in New York City if you occupy your home or apartment at the same time and all parts of the dwelling are available to the paying guest. To find the regulations that apply to your city you can visit the Airbnb website which has a summary of the legal requirements of about 50 cities, with links for more information. To get more information on the latest Airbnb regulations and what you should know click on the pictures below to read the articles.