New York City Legislation Effectively Bans Airbnbs and Short-Term Apartment Rentals
New York City’s Local Law 18, also known as the Short-Term Rental Registration Law, came into effect on September 5, changing the way in which short-term apartment rentals operate in the city. The new local legislation dictated that from now on, short-term rental hosts in the city must register with the Office of Special Enforcement (OSE) to obtain a license, and rentals are only allowed if the host lives in the place and is present for the duration of the guest’s stay. The number of guests is also limited to just two, and the duration is limited to 30 days. The legislation is not an explicit ban on platforms such as Airbnb, but the strict regulations make it almost impossible for the service to continue its activity.
Soho, Manhattan, New York. Image © Ryan DeBerardinis via Shutterstock
New York City’s Local Law 18, also known as the Short-Term Rental Registration Law, came into effect on September 5, changing the way in which short-term apartment rentals operate in the city. The new local legislation dictated that from now on, short-term rental hosts in the city must register with the Office of Special Enforcement (OSE) to obtain a license, and rentals are only allowed if the host lives in the place and is present for the duration of the guest’s stay. The number of guests is also limited to just two, and the duration is limited to 30 days. The legislation is not an explicit ban on platforms such as Airbnb, but the strict regulations make it almost impossible for the service to continue its activity.
.jpg?1608057697#){kind=small}
