Gov. Cuomo has made it illegal to advertise the rental of a full residential unit for fewer than 30 days.
NEW YORK CITY—In a measure sure to appease landlords of multifamily buildings, Governor Andrew Cuomo on Friday signed a law that makes the advertising of a full unit for a rental of less than 30 days illegal.
The new leglislation—signed by Cuomo after being passed by the state legislature this summer—carries a hefty fine for violators: $1,000 for the first offense, $5,000 for the second, and $7,500 for the third, according to Quartz.com. However, renters who market a shared or spare room to those seeking home sharing are in compliance with the law.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
