big apple Gov. Andrew Cuomo signed into law one of the crucial nation’s toughest measures targeting quick-time period rental rentals, a blow to Airbnb Inc., which had recently sought to placate lawmakers in one in every of its most necessary local markets.
The law lets in for fines of up to $ 7,500 for individuals who promote rentals of 30 or fewer days, a violation in NY city due to the fact 2010. It applies simplest to residences in multiunit constructions.
Airbnb responded Friday by using pronouncing it deliberate to file a lawsuit towards the state. “we will be able to proceed to fight for a smart policy solution that works for the individuals, now not the powerful,” Josh Meltzer, head of recent York public coverage for Airbnb, said in a statement. “we are filing a lawsuit in big apple this afternoon.”