New York administrator approves new regulations on Airbnb

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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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