In a 52-page decision, District Judge Paul A. Engelmayer of the Southern District of New York put a kibosh on New York City’s short-term rental regulation that was set to go into effect on February 2, 2019. NYC has been trying to figure out an efficient way to enforce its short-term rental restrictions and this regulation was a way that it was hoping to do so. Under the regulation, Airbnb, Homeaway and other short-term rental platforms would have had to provide transparent monthly reporting to NYC which it was going to use to help its enforcement efforts by identifying wrongdoers. The Court preliminarily enjoined NYC with regard to the regulation which essentially amounts to a win for the short term rental platforms. Read the article……………….
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