Albany, NY
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New York
October 21, 2016
NY Cracks Down on Illegal Airbnb

"New York state enacted one of the nation’s toughest restrictions on Airbnb on Friday with a new law authorizing fines of up to $7,500 for many short-term rentals", as reported by David Klepper of the Associated Press. 

"The measure signed into law by Democratic Gov. Andrew Cuomo applies to rentals of fewer than 30 days when the owner or tenant is not present."

"Supporters of the measure say many property owners use sites like Airbnb to offer residential apartments as short-term rentals to visitors, hurting existing hotels while taking residential units off the already expensive housing market in New York City."


See link to full article below.
Secondary: News 10 ABC
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