Most rental leases, as well as co-op and condo bylaws, do not allow tenants to rent out their apartments without first obtaining permission. This means you could face eviction if you don’t follow the law and get permission from your landlord and/or coop and condo building.
Under this new law, a person who advertises a short-term rental that is already illegal under the Multiple-Dwellings Law can receive a fine of up to $1,000 for a first offense, up to $5,000 for a second offense, and up to $7,500 for a third and subsequent violations. The fines will specifically be levied against
Illegal hotels exacerbate New York City’s affordable housing crisis and are bad for tenants. Far from being a harmless service where residents can share their homes with tourists, short-term rental companies like Airbnb enable commercial operators to break the law by taking away residential housing units and using them for commercial tourist rentals – removing