New Airbnb Regulation in NYC

Registration for Short-Term Rentals, Including Airbnb

Currently, short-term rentals such as Airbnb and VRBO are only able to operate legally if a unit’s owner or tenant are present for their renter’s stay and provided that the short-term renter can utilize the entire unit. As a result of this legislation, legal short-term rentals will now be required to first register with the NYC Office of Special Enforcement and acknowledge that the short-term rental has the consent of the building owner, and is not occurring in a rent-controlled or rent-stabilized unit. In addition, the legislation establishes a prohibited buildings list that allows owners and managers to register addresses with the City where the owner wants no short-term rental activity occurring. Permits required to list such units are valid for a year and are not transferable. Violators are subject to civil penalties as high as $15,000. The requirements will take effect one year after the bill becomes law – either in December 2022 or January 2023.

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