Vacation rental options abruptly became slim to none in NYC as new legislation went into effect.
If you ’ve been looking for a swanky pad onAirbnbor another holiday rental to stay in while visiting New York City , you might have noticed it ’s slender pickings in the Big Apple . That ’s due to crackdown from the metropolis , spur by newfangled Torah regulating short - term rental in New York .
before this monthLocal Law 18 , which was espouse in 2022 , survive into effect , a strict rule that basically ban totally a majority of Airbnb and other holiday renting options for traveller shoot the breeze New York City . The law states that short - term renting hosts in New York must register with the city , and that the host must be living in the place they are lease and be present when someone is staying with them , so as to qualify . The new rules also limit host to only two guests at a time . Additionally , the jurisprudence forbid Airbnb and like company from processing payment for little - terminus list unless the server had received authorization and approval of registration from the urban center .
Airbnb fought back against the law and sued New York City in June , but a jurist dismiss the event in August , go out host beat to find solutions . Local Law 18 help aged statute law that prevented short - condition rentals of entire flat for less than 30 days , but was difficult for the city to enforce without any law in home mandate registration of renting .
Courtesy of IHG Hotels & Resorts
As properties melt and cancellations pile up , some hotels are looking to aid traveller looking to rebook their NYC accommodation . In direct reaction , IHG Hotels & Resortshas launched the IHG Vacay SOS Program , which offer the first 100 traveler who show proof of short - term rental cancellation through the destruction of this twelvemonth 10,000 IHG One Reward degree to use towards stays at IHG properties .
Gothamist broke down dataearlier this week from the Office of Special Enforcement that shows the metropolis only approved 405 short - full term rental in the month since launching the enrollment portal in March . The city also allow Gothamist know that 4,624 applications were received from hosts trying to legally register their short - term rental units in New York City . The city rejected 214 of those applications programme and sent 758 back to hosts for extra information or corrections , meanwhile the majority of registration are expect reexamination . The Office of Special Enforcement said they received 71 % of the applications to register since the end of June , which lines up with the suit from Airbnb in the first place this year .
