Mayor Signs Airbnb Legislation

Mayor Bill de Blasio recently signed a bill on reporting of short-term rental data. The bill defined which short-term rental transactions through platforms such as Airbnb have to be reported to the Office of Special Enforcement.

Reports are required for listings that generate five or more nights of bookings per quarter, and offers the entire home or permits three or more guests at a time. Reports won’t be required for listings of private or shared rooms, for two or fewer guests, for less than five nights per quarter, or listings that qualify as traditional hospitality locations. The reports themselves will include the physical address of the listing, host information, the number of days booked, the amount received by the host, and the listing’s name, number, and URL.