New York Airbnb hosts now face $7,500 fine for illegal rentals - dailymail.co.uk
Summary
New York City Airbnb hosts now face hefty fines for illegal rentals. Hosts should familiarize themselves with local regulations to avoid penalties and ensure compliance.
Key Insights
- •New York Airbnb hosts now face a $7,500 fine for illegal rentals.
Action Items
- ✓Check local regulations regarding short-term rentals in New York.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with local regulations in New York can result in a $7,500 fine.
More from Regulations & Compliance
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St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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