Currently, the law makes it illegal to rent a home for less than 30 days if the owner is not present.
“The purpose of this bill is to allow the law to catch up to the times we’re living in,” Assemblyman Joseph Lentol (D-Brooklyn) told the Wall Street Journal. “It’s not unlike how in the past we’ve helped and nurtured along new industries since the horse-and-buggy days.”
Currently, Airbnb hosts can’t advertise a rental of less than 30 days unless the owner is present, and violators can be fined up to $7,500.
According to the Journal, the bill would allow for hosts to be registered in a state database. They would only be allowed to rent one unit at a time – the home in which they live. Those found violating the rules would be banned from renting through Airbnb.
This law puts New York in the 21st century,” Josh Meltzer, New York public-policy director for Airbnb, told the Journal. “This is the first serious, comprehensive approach to updating these laws.”
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A New York assemblyman has introduced a bill to amend a 2010 law that limited how Airbnb hosts could rent their properties.