New York administrator approves new regulations on Airbnb


New York Governor Andrew Cuomo authorized legislation on Friday that would place new regulations on online home let companies like Airbnb.

Existing New York state law bars many civic apartment-dwellers from renting out their units for reduction than 30 days if they are not present. The law recently upheld by a state legislature would bar even promotion a let that violates that existent law, that could assistance regulators moment down on Airbnb itself in further to a users of a service.

Airbnb had formerly pronounced it would sue if Cuomo authorized a bill.

(Reporting by Dan Levine; Editing by Leslie Adler)


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