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In a blog post, Airbnb said Local Law LL18, which states hosts must be permanent occupants of the units being rented and must register with the city before posting rentals, has "failed to combat ...
Airbnb sued New York in June, saying the city's enforcement of Local Law 18 would make it more difficult for hosts t Airbnb lawsuit to block NYC law on short-term rentals is dismissed Skip to main ...
Between August 2023 — the month before the law went into place — and August 2024, median asking rent in NYC has increased by just 0.5%, according to data from Zillow-owned real-estate-listing ...
[44] [47] Under rent regulation laws, landlords are allowed to increase the rent of a rent-regulated apartment if they make significant improvements or renovations to the unit (1/40th of renovation costs can be added to the rent price). The cost of these improvements can be passed on to tenants in the form of higher rent.
The proliferation of short-term rentals can affect those in the area who are looking for long-term rentals. [5] Through short-term rental, landlords can make upwards of 30% more than they would on a rent controlled property. [citation needed] Thus landlords convert their properties into short-term rental units
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and ...