October 19, 2016
Airbnb has offered up a few changes to its policy as it waits to see if Gov. Andrew Cuomo will sign a bill that fines illegal rentals. The policy changes come as the fate of a bill that will fine illegal rentals — those rented for less than 30 days — looms large. In June, the state legislature passed a bill that slaps fines up to $7,500 on illegal rentals through the apartment-sharing site. Cuomo has until Oct. 29 to sign or veto the measure. Assemblywoman Linda Rosenthal, who sponsored the bill, appears unimpressed by Airbnb’s proposed changes. “What Airbnb fails to realize is that one unit of affordable housing lost represents one family who will not be able to find a home in New York, and that is simply unacceptable,” she said….
Source: http://therealdeal.com/2016/10/19/airbnb-offers-up-policy-changes-as-illegal-rental-bill-sits-on-cuomos-desk/
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