BY: NANCY L. KOURLAND, ESQ.
On February 3, 2023, the rules implementing NYC’s Local Law 18 “Short-Term Rental Registration Law,” were published by the Mayor’s Office of Special Enforcement (“OSE”) and it looks like they may be the most effective tool to date to combat illegal short-term rentals in New York City in residential condos, co-ops and rental buildings.
The Short-Term Rental Registration Law was passed last year by the New York City Council and the newly published rules go into effect on March 6, 2023. The rules require anyone seeking to rent out housing in New York City for fewer than 30 consecutive days to register with the OSE, obtain a registration number, and display that registration number on their listing. The new law prohibits sites such as Airbnb, VRBO, Booking.com from posting listings for unregistered short-term rentals.