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Not true. There are restrictions on short term rentals in NY, however one can indeed legally sublet out space in one's apartment, co-op, or condo by the current laws in NYC. It just has to be 30 days or more under the current laws. However laws are subject to change.
What may be legal in NYC may not be allowed in your own building.
If you a rent stabilized tenant, you "lease" your apartment through any web site, and your landlord finds out, you might as well start packing your bags. Your landlord will file a motion for your eviction because you violated your lease, and the judge will agree.
If you a rent stabilized tenant, you "lease" your apartment through any web site, and your landlord finds out, you might as well start packing your bags. Your landlord will file a motion for your eviction because you violated your lease, and the judge will agree.
Not necessarily. I've done it on more than one occasion, and my landlord did not care.
A lot of landlords are doing it directly (part of why it's a legal issue).
And many landlords do not care that their tenants are renting out space in the building. Especially in older walk ups where the landlords can't get the best (wealthiest tenants).
The legality of a new/different business model that has seen significant growth is going to come into scrutiny; airbnb is just going to have to figure out how to work in NYC since a some of their transactions violate some property/safety and tax laws. The other problem i see is that its not clear cut legally who is liable when something goes wrong.
I dont have any problem with airbnb. I dont care to rent my co-op out (moot point, since our co-op board is against it), but i wouldn't mind having the option if im visiting another city.
The legality of a new/different business model that has seen significant growth is going to come into scrutiny; airbnb is just going to have to figure out how to work in NYC since a some of their transactions violate some property/safety and tax laws. The other problem i see is that its not clear cut legally who is liable when something goes wrong.
I dont have any problem with airbnb. I dont care to rent my co-op out (moot point, since our co-op board is against it), but i wouldn't mind having the option if im visiting another city.
However, with the bribes NY officials like Silver have clearly taken from the real estate industry among others, the laws in NY have come under question.
It is a valid concern who is liable (Airbnb is insured by Lloyds of London) and some regulations need to be drafted. But NYC officials who fake concern about Airbnb reducing the supply of affordable housing are the same corrupt officials who reduced the supply of affordable housing. Airbnb isn't the problem, New York politics is.
The arrest of Sheldon Silver and continuing investigations of other New York politics will solve that problem. The New York Democratic party is imploding! Federal prosecutors say very soon some other politicians will be BUSTED!
Notice Airbnb has no faded from headlines (it was in the headlines earlier last week) after the arrest of Silver. New York has much bigger fish to fry (corruption).
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