Airbnb – Not For Me

New York City's new short-term registration law is set to take effect on January 9, 2023, as the city takes one more swipe at the ever-growing short-term rental market. Companies like Airbnb and Vrbo, which operate platforms for short-term rentals, are calling this latest salvo of regulations "draconian," but the City is pressing ahead.

The regulations will require rental hosts in New York City to register with the city and prevent platforms from processing transactions unless their registration forms match the City's database.

This article will not focus on the registration requirements, the process for hosts and hosting platforms, or the penalties for non-compliance (which take effect on May 9, 2023). Rather, there is a very interesting opportunity for cooperatives and condominiums to completely prohibit short-term rentals in their buildings.