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Airbnb threatens legal action in New York

Airbnb isn’t going down in New York without a fight. 
The home-sharing company on Tuesday sent a letter to New York Governor Andrew Cuomo, the speaker of the New York State Assembly and the New York Senate president threatening legal action if the state does not back down from a bill that could limit much of Airbnb’s operations in the state. 
The bill, passed in June but not yet signed into law, would make it illegal to advertise listings for apartments that violate a law already on the books banning rentals of whole apartments in shared buildings for fewer than 30 days. 
New York’s law prohibiting short-term rentals predates the escalation of its struggle with Airbnb, but the new bill would effectively make advertising or listing certain apartments on Airbnb illegal and subject to fines ranging from $1,000 to $7,500.  Read more…More about Lawsuits, Sharing Economy, New York City, New York State, and New York

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