SHORT-TERM RENTAL (STR) ZONING PERMIT APPLICATION 2025

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The short-term rental (STR) loophole lets losses be treated as non-passive if average stays are 7 days or fewer and you materially participate. STRs are considered a trade or business, allowing bigger deductions through bonus depreciation or Section 179.
Hosts - both owners and tenants - cannot rent out an entire apartment or home to visitors for fewer than 30 days, even if the host owns or lives in the building. This applies to all permanent residential buildings regardless of the number of units. As a host, you must: Stay in the same unit or apartment as the guests.
The 7-day rule is a general rule of thumb for vacation rental owners trying to keep the deductible losses to zero for their taxes. If a property is rented for an average of 7 days or less then owners will be eligible for tax-deductible losses.
No, Airbnb in NYC is not banned, just like rentals through other booking platforms. Yet the NYC Airbnb ban requires hosts to register with the Mayors Office of Special Enforcement (OSE) and prohibits booking platforms, including Airbnb, Booking.com, and Vrbo, from processing payments for non-registered rentals.
Since Local Law 18 was enacted in 2023, the number of available short-term rental listings in New York City shrank by 92 percent. For a city grappling with a shortage of 227,000 homes, the ban was touted by its proponents as a silver bullet for solving New Yorks housing affordability crisis.

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If you are a short-term rental host, you are required to register with the Mayors Office of Special Enforcement (OSE) per Local Law 18. The application is currently open, and hosts are encouraged to submit an application well in advance of OSE beginning enforcement of this requirement after September 5, 2023.
Short-Term Rental (STR) zoning involves specific local regulations governing properties rented for brief periods, typically fewer than 30 consecutive days.
The amount your landlord can raise your rent due to an MCI increase is now capped at 2% of your current rent per year, and there is no retroactive amount. This 2% cap also applies to MCI increases that happened between June 16, 2012 and June 16, 2019 so any rent increase going forward will be limited to 2%.

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