Airbnb regulations in New York
Home shares in New York are becoming more and more popular and this is the main reason why New York City decided to regulate Airbnb use. In other words, if they want to stay on the safe side, Airbnb hosts in New York have to follow the rules. In this article, we will highlight the most important Airbnb regulations in New York. You can find more detailed information on Airbnb's website.
Multiple Dwelling Law
For starters, we must mention the Multiple Dwelling Law. This state law limits renting out Class A multiple dwelling for less than 30 days when the host is not on the property. The exceptions found in this law are boarders, lodgers, and roomers. This means that in case an Airbnb guest shares the apartment with a permanent resident who lives in the same apartment while the rental is still on, he or she is allowed to stay longer.
To be honest, New York is not the most Airbnb-friendly city in the world. For example, New York has made advertisements for Class A dwelling rentals illegal. But, this restriction applies only to this type of dwellings that are not following the Multiple Dwellings Law’s limitations focused on short-term rentals. In case an Airbnb host is advertising their rental property in this way, they can get a $1000 fine. Remember that this is only for the first violation, the penalty increases if that’s your second violation.
Another thing that we should mention about Airbnb regulations in New York is the taxes. It turns out that there is more than one tax that Airbnb hosts have to pay when they are renting their properties to tourists or short-term tenants. For instance, depending on your situation, you may have to pay use State sales and use tax, State and City nightly room fees, City hotel room occupancy tax and more.
Those planning on renting their properties on Airbnb all year long may have to ask a chance in zoning permissions or look for a different occupancy certificate. In some cases, they will have to turn their long-term housing into a hotel. Unfortunately, New York has complex zoning rules and regulations and switching to a different zoning can be costly and long. That’s why most of the Airbnb hosts are trying to adjust to the current situation with their property and follow the rules that allow them to rent their property in a specific way.
Stabilized housing and rent-controlled properties
We should also mention the so-called rent controlled/stabilized housing properties. If your property belongs to these categories, you will have to get in touch with the local rent board and they will make a decision that will allow or reject your request to turn your real estate into short-term rental property. If you don’t follow these regulations, you can expect a huge fine or eviction. If you have a unit in a condominium or coop, there’s a great chance that you won’t be able to rent your unit on Airbnb. It all depends on the building regulations.
We hope that this article will help you understand Airbnb regulations in New York although you will have to obtain information from the official sources too as this is just a guide.