New NYC law will restrict short term rentals

Monday, September 4, 2023
NEW YORK CITY (WABC) -- Starting on Tuesday, New York City will begin enforcing a new law that restricts short term rentals.

Properties from hosts on platforms such as, but not limited to, Airbnb will now have to be registered with the mayor's office.
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Such platforms would not be allowed to process transactions with unregistered rentals.

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Those who do not follow the new rules could be fined up to $5,000.

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