Essentially NY City is making short term rentals (rentals < 30 days) illegal for most renters. The only exception is a room without a lock, for up to 2 people, in a residence that has shared living space and is occupied by the owner.
The law in question affects about 60 percent of the market and does not introduce new restrictions -- but rather a beefier enforcement structure for restrictions already on the books.
The law in question affects about 60 percent of the market and does not introduce new restrictions -- but rather a beefier enforcement structure for restrictions already on the books.