The regulation seeks to stop the rise of Airbnb and other applications, which cause the extinction of long contracts and the rise in rents.
The appearance ofe applications that allow owners to rent their homes to tourists It has become a common option for everyone who travels the world and for those who own a home, especially in large metropolises where stays tend to be more expensive. The best known company in this matter is Airbnb. And the last case of conflict between tourists and the permanent inhabitants of a city occurs in New York, nothing less.
Although the rise of Airbnb allowed many to travel and stay longerthe phenomenon also it has a disadvantageous flip side. Ante the possibility of charging more expensive rents for short staysand of increased availability of housing by not committing to long contracts, the owners decide to offer their properties in these applications and withdraw them from the traditional market of rents. that when shrinking raised prices for traditional renters.
Faced with this narrowing of the offer of traditional rentals, numerous city governments have come out to impose restrictions on Airbnb and similar apps. The last of them is that of an emblematic capital of the world: New York City.
As of September 5, the short-term rental registration law will take effect, which was approved in 2022 and established rules for registering as a short-term rental.
The entry into force of the law became final after an American judge dismissed an Airbnb lawsuit against the city of New York in early August due to the restrictions that the big city had established for tourist and temporary rentals.
Airbnb sued New York in June and managed to postpone the entry into force of the legislation until September 5, that seeks to regulate the activity in the midst of a housing crisis and forces hosts to register with the authorities.
Judge Arlene Bluth, of a Manhattan state court, dismissed Airbnb’s claim to consider “rational” that New York requires hosts to register and control the legality of the accommodations it offers, something that the company came to describe as a “de facto veto” on their activity.
Originally, New York was going to impose short-term rental restrictions on Airbnb in Maybut delayed them to July due to personnel problems, and then to September due to the lawsuit.
With the new legislation, the city prevents entire apartments from being rented for less than 30 days, but does allow rentals less than 30 days if the host is present at the property and it does not have more than two visitors, a rule that applies not only to Airbnb, but also to other platforms.
With the new measures, the city requires that hosts register with a special office of the municipality, something that for Airbnb as well as its customers is a slow and invasive process of Privacy.
According to Airbnb’s lawsuit, short-term rentals in New York City alone netted $85 million in 2022 for the firm. The company had revenues of $8.4 billion in that year.
2023-09-04 00:59:32
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