Airbnb Sues New York City Over ‘De Facto Ban’ on Short-Term Rentals

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Airbnb Sues New York City Over ‘De Facto Ban’ on Short-Term Rentals


Last Updated: June 02, 2023, 01:11 IST

New York, United States of America (USA)

Airbnb’s annual net revenue in New York City in 2022 was $85 million, according to the filling.

Airbnb’s annual internet income in New York City in 2022 was $85 million, in response to the filling.

City councils across the United States are more and more introducing ordinances to control short-term leases

Airbnb Inc on Thursday filed a lawsuit towards New York City over a brand new regulation it referred to as a “de facto ban” against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city.

City councils around the United States are increasingly introducing ordinances to regulate short-term rentals, which in some cases will require hosts to obtain licenses and pay registration fees or limit the number of short-term rentals in business districts.

The company’s filing in the New York State Supreme Court says New York’s city council, through legislation passed in 2022, effectively implemented “its most extreme and oppressive regulatory scheme yet, which operates as a de facto ban against short-term rentals in New York.”

Airbnb, in a letter to hosts, said “today’s filing comes only after exhausting all available paths for a sensible solution with the City.”

The regulation, in response to the submitting, will make it harder for hosts to do enterprise, requiring them to register with the New York City Mayor’s Office of Special Enforcement (OSE) and to certify that they’ll adjust to ”the maze of complicated laws” for zoning, a number of dwelling regulation and housing upkeep code in addition to building code.

OSE software evaluations will guarantee “that only a miniscule number of hosts will ever be granted a registration,” Airbnb stated within the submitting.

The OSE didn’t instantly reply to a request for remark.

Airbnb stated that beginning within the first week of July, greater than 5,500 short-term leases are booked to host greater than 10,000 company in New York City.

The firm stated within the submitting a earlier regulation which went into impact in 2021 prompted 29,000 hosts to go away the short-term rental market in New York. Airbnb’s annual internet income in New York City in 2022 was $85 million, in response to the filling.

(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – Reuters)



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