Airbnb Faces Tough New Regulations Thanks to Law Passed by New York Governor

The new law goes further than before to prevent certain home rentals.
Airbnb Faces Tough New Regulations Thanks to Law Passed by New York Governor
Image credit: Shutterstock.com
1 min read
Opinions expressed by Entrepreneur contributors are their own.

New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb.

Existing New York state law bars most urban apartment-dwellers from renting out their units for less than 30 days if they are not present. The law recently passed by the state legislature would bar even advertising a rental that violates that existing law, which could help regulators crack down on Airbnb itself in addition to the users of its service.

Airbnb had previously said it would sue if Cuomo approved the bill.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur