Tuesday, October 11, 2011
Illegal hotel rentals widespread
From the NY Post:
In order to legally sublet an apartment, renters are required to obtain written permission from their landlords, according to state law. It’s also illegal to charge more than 10 percent above the rent.
The vast majority of rental apartments in New York City are also considered Class A apartments, and it is illegal to sublet them for less than 30 consecutive days.
But thousands of New Yorkers sublet on the sly, hiking up their rents to turn their leases into nightly moneymakers.
Critics say the main problem is security.
But more than 1,500 brazen New Yorkers are subletting their apartments -- many on a night-to-night basis, like hotels -- on AirBNB.com.
Some New Yorkers said they’ve even signed leases on other units.