sued New York City on Thursday over an ordinance that the company says imposes arbitrary restrictions that would greatly reduce the local supply of short-term rentals.
Airbnb said called the restrictions “extreme and oppressive” and a de facto ban against short-term rentals that left the company no choice but to sue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Airbnb sues New York City over restrictions on short-term rentalsAirbnb is suing New York City over rules that the company says would make it much more difficult for people to turn their property into short-term rentals. Airbnb filed the lawsuit Thursday, and was joined by three of its hosts. Regulations that the city plans to begin enforcing next month would require owners to register with the mayor’s office, disclose who else lives in the property, and promise to comply with zoning, construction and maintenance ordinances. Airbnb calls the requirements extreme and oppressive. The New York restrictions are among many efforts by local communities to regulate short-term rentals without banning them.
Source: AP - 🏆 728. / 51 Read more »
Airbnb sues New York City over short-term rental restrictionsAirbnb Inc on Thursday filed a lawsuit against New York City over a new law it called a 'de facto ban' against short-term rentals set to go into effect in July, which the company says will limit the number of people who can host rentals in the city.
Source: Reuters - 🏆 2. / 97 Read more »