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Is it legal to sublet a rent stabilized apartment in NYC?

Yes, you can sublet a rent-stabilized apartment in New York. You just can't overcharge your subtenant. You are specifically prohibited from asking for more rent than you pay, with two exceptions: The law allows your landlord to raise the rent by 10% during a sublease.

Can you do short-term rentals in NYC?

According to the New York State multiple dwelling law, short-term rentals are only allowed in most apartment buildings if the permanent tenant lives in the apartment while guests are staying there. Short-term rentals in New York City are subject to the city's hotel room occupancy tax, which is collected by the city.

What is considered a short-term rental in NYC?

In New York City, the term 'short-term rental' refers to renting for any period shorter than 30 days.

Is it legal to do Airbnb in NYC?

The City of New York requires that home-sharing platforms like Airbnb share data about listings and you as a host. Before we do so, we'll ask for your consent to share this information with the City. If you consent, we'll provide information about your hosting and listing activity to the City.

Are short term leases allowed in NYC?

Indeed, most short-term rentals are illegal in New York City. Stiff fines have been enacted in an attempt to halt illegal rentals. And Airbnb does not permit hosts to have more than one listing at any single address in New York City (but hosts can have listings at different addresses).

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Does NYC have 6 month leases?

Leases are available for six to 15 months, but your rent varies by lease term. You can get one and a half months free on leases that are nine to 11 months and two months free on leases that are 12 to 15 months.

Is short-term rental legal in NYC?

New York State does not allow rentals that are shorter than 30 days unless the host also lives there.

Do 6 month leases exist in NYC?

In NYC, the \u201cshort\u201d in \u201cfurnished short term rentals\u201d means furnished apartments with minimum lease terms of between 30 days and 12 months, but mostly we are talking about furnished apartments with minimum lease terms of between 30 days and 6 months. This is also known as "temporary housing".

Are vacation rentals legal in NYC?

NYC Vacation Rentals \u2013 the Risks! Unless you own the whole building, or the tenant stays in the apartment with you, a short-term vacation rental is illegal! The short of it, is that unless the Landlord owns the entire building, it is illegal to rent or sublet a co-op, condo or apartment for stays less than 30 days.

What is an illegal Airbnb in NYC?

First, it's key to remember that it's illegal for New Yorkers who live in buildings with three or more residential units to rent their apartments out for fewer than 30 days unless the owner or leaseholder is present during the stay.

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