Here’s what you need to know about New York’s new Airbnb regulations

Finding a vacation rental in the Big Apple could be quite different in 2023. After announcing new regulations in New York on home-sharing platforms, Mayor Eric Adams’ administration said that about 10,000 Airbnb listings in the city would probably be phased out next year.

New York Daily News reports that the new regulations are expected to come into effect from January 9. Under the new rules, hosts will be required to register their Airbnb properties with the New York City Office of Special Enforcement. To successfully register, hosts must submit the full legal names of all residents of a given home or apartment, along with proof of permanent unit status (i.e. lease). They must also prove that their rentals comply with local zoning requirements, safety regulations and local building codes.

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If NYC hosts do not provide this information for the Office of Special Enforcement, their Airbnb credentials will be removed and the platform will no longer be able to process any payments on their behalf. Additionally, hosts who rent out properties without registering could face penalties of up to $5,000.

According to the independent monitoring group Inside Airbnb, there are nearly 40,000 Airbnb listings in the city. Under these new regulations, the number of New York-based Airbnb units could drop by a quarter. It is currently already illegal for New Yorkers to rent entire houses and apartments without residing in the unit during the rental.

Airbnb strongly opposed the new rules in an official statement, arguing that they will create a “draconian and unenforceable registration system that will prevent legal and responsible hosts from listing their listings.”

However, supporters of Mayor Adams’ new regulations argue that the law will help address the shortage of affordable housing in the city.
“Housing should be for New Yorkers, hotels should be for tourists,” Ben Kallos, a former New York City Council member who sponsored the original legislation, written on his site. “We need every apartment listed illegally on the market to help our affordable housing crisis.”

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