New York Governor Andrew Cuomo
approved legislation on Friday that would place new regulations on online home
rental companies like Airbnb.
A 3D printed people's models are seen in front of a displayed Airbnb logo in this illustration taken, June 8, 2016. REUTERS/Dado Ruvic/Illustratio
Existing New York state law
bars most urban apartment-dwellers from renting out their units for less than
30 days if they are not present. The law recently passed by the state
legislature would bar even advertising a rental that violates that existing
law, which could help regulators crack down on Airbnb itself in addition to the
users of its service.
Airbnb had previously said it
would sue if Cuomo approved the bill.
(Reporting by Dan Levine;
Editing by Leslie Adler)
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