What fines do I face if I break the law?

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 the “person” committing the violation, not the online platform.