NEW YORK – Attorney General Eric Schneiderman applauded a new bill that would offer fines on certain rentals through services like Airbnb.
Schneiderman issued the following statement:
The law signed today will provide vital protections for New York tenants and help prevent the continued proliferation of illegal, unregulated hotels, and we will defend it. Airbnb can’t have it both ways: it must either police illegal activity on its own site — or government will act to protect New Yorkers, as the State just did.
The law signed today by Gov. Andrew Cuomo authorizes fines of up to $7,500 for short-term rentals when the owner or tenant is not present.
Airbnb said it would immediately file a lawsuit challenging the law.
