elgato
Joined: 24 Feb 2005
Posts: 17239
Location: Texas
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| Posted: Tue Jun 29, 2010 2:10 pm Post subject: Will NY law crack down on Craigslist sublets? |
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The New York state legislature is set to vote this week on a bill that would ban apartment sublets that last less than a month, which if passed would have a significant impact on online vacation rental services like AirBnB, Roomorama, HomeAway, and even classifieds behemoth Craigslist.
In recent years, there's been a surge in popularity for short-term apartment rentals and housing exchange services that let users offer anything from luxury lofts to pull-out couches--especially in states like New York, whose eponymous island metropolis is known for housing prices so exorbitant that many tourists seek alternatives to hotels and residents look for a way to make up for sky-high rents and mortgages. Online services like HomeAway and AirBnB have made the whole process more accessible and less sketchy, opening up short-term sublets to a market that might not be comfortable with Craigslist.
Right now, this practice is only illegal if the renter or homeowner lives in a building in which it's explicitly against the rules. But the bill, known as A10008, would ban sublets of less than a month in "Class A multiple dwellings," a legal term that encompasses most apartment buildings intended for long-term residences.
more.. link to news article |
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