Excerpt from Reuters
The City of New York will delay enforcing a municipal law that Airbnb Inc (ABNB.O) said could limit the number of people who can host rentals in the city, a Friday court filing showed.The short-term rental company filed a lawsuit against the city on June 1 over the law it called a "de facto ban" against short-term rentals set to go into effect on July 1.
Under the law, hosts must be permanent occupants of the units being rented and must register with the Mayor's Office of Special Enforcement (OSE) before posting rentals.
The office will not issue fines against hosts or booking services until Sept. 5, according to the filing.
Click here to read complete article at Reuters.