Is Airbnb Workable in New York City?
Partner Todd Soloway, head of Pryor Cashman’s Real Estate Litigation practice, co-authored the New York Law Journal article entitled “Is Airbnb Workable In New York City?”
The debate over whether to allow transient short-term rentals of apartments in New York City continues. Airbnb, the well-known online platform that makes a business of facilitating such arrangements, is engaged in a massive advertising campaign designed to sway public opinion and ultimately convince New York’s legislators to enact regulations legalizing apartment-sharing.
To its supporters, apartment-sharing through websites such as Airbnb is a catalyst for entrepreneurship, enabling middle-class New Yorkers to make additional income by renting out their apartments. To its detractors, it allows landlords to convert apartments otherwise available for long-term rental into illegal hotels that threaten safety and make New York City less affordable. This article explores the current legal landscape.
Associate Bryan Mohler assisted in the preparation of this article.
To read the full article, click here.
