Estimated reading time: 0 minutes, 42 seconds

Ruling Clarifies Legality of Airbnb Rentals in NYC

New York City's Environmental Control Board has reversed a ruling that had imposed a $2,400 fine against a man who rented out his apartment using Airbnb, an online platform that people use to lease out their living space to short-term guests. So Forbes reports.

The reversal was based on the Environmental Control Board's holding that the New York law at issue, which states that residents cannot rent out all or part of their property for less than 30 days, allows people to do so if a resident of the space is in the unit at the time (in this case, the Airbnb user's roommate was in the apartment).

Whether it is legal to rent out a New York City dwelling for less than 30 days when none of that dwelling's regular residents is at home is still unclear.

Read the full article from Forbes.

Read 4306 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.