Monday December 05, 2016

Airbnb, New York City Settle Rental Law Lawsuit

In a settlement announced earlier today, the city of New York and Airbnb agreed that new (and extremely high) penalties and fines for violating state laws applies only to the individual hosts, and not to Airbnb itself.

Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Under the terms of the settlement, New York City agreed that the law would not be enforced against the company and was instead aimed at individual violators, a spokeswoman for Mayor Bill de Blasio said.