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landlord helpNew York landlords, angered by new restrictions that would end short-term rentals, have ‘lawyered-up’ and are seeking to overturn the measure which goes into effect in May.

The ban is aimed at short-term tourist rentals, as well as transient hotels in permanent residential buildings.

According to a report by Courthouse News Service, landlords are challenging whether this new ban on short-term rentals in multi-family buildings violates their ownership rights under the Constitution. The new law prohibits rentals of less than 30 days.

Property owners are objecting because it has been a long-standing practice to offer apartments for short-term or vacation rentals. In fact, many of these properties were purchased or remodeled with the express expectation that the revenues from short-term rentals would be available.

The practice provides lower cost rentals for tourist who would otherwise have to stay at high-priced hotels in the city. Opponents argue that the hotel lobby was instrumental in the passage of the measure. City officials, on the other hand, insist that the law was passed to reduce security risks to other tenants in private buildings, and to limit transient hotels.

Bed and breakfasts are exempt. So are house swaps and similar arrangements where no money changes hands, and owner-occupants who take in a boarder.

An official commenting on the measure previously said that the law would be enforced on a “no harm, no foul” basis, and the city would investigate only when it receives a complaint.

Opponents say the law goes too far by giving market preferences to the hotel industry while severely curtailing the activities of rental property owners.

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  • Short term rentals (longer than 30 days but usually less than 6 months) are a great way to re-purpose a rental property. Short term or corporate rentals are good in areas where there is a lot of industry looking for contract labor, this includes the making of films. This is true even if the area is not attractive to long term tenants. If you are invested in a property and the LOCATION has changed around you, consider corporate rentals.

  • Anthony

    I’m curious to understand what the purpose and intent of the law is. Everyone is fighting for revenue and trying to take money out of everyone else’s pockets and thats kinda what this sounds like.

  • Donald Allen

    Anthony you are 100% correct we have a fat monster whitch incircles us. the stronger is feeding freely apon who ever it likes. here in Garden City MI they are going try to slip a tax increase of 12 mills whitch is about 800.00 per home they hope we the people will not see it and it might be passed by our city employes that I am sure they will all be there

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