The new state law developed to secure down on the kinds of prohibited short-term leasing’s promoted on sites like Airbnb will not be implemented for a minimum of another three weeks as city attorneys have asked a federal judge to hold off hearings on a planned injunction.
The law worked instantly last month when Gov. Andrew Cuomo signed the bill, which enforces fines of up to $7,500 on hosts who list prohibited short-term leasings in New York City.
Airbnb right away submitted a lawsuit against the city and state to block the brand-new law, and legal representatives for Mayor Bill de Blasio agreed to briefly hold-up imposing the brand-new law until a judge chose an ask for an initial injunction.
Judge Katherine Forrestal of Federal District Court in Manhattan has now extended that hold-up twice, as Airbnb and authorities talk about a possible settlement, the Wall Street Journal reported.
A spokesperson for the mayor stated the city “will continue to use current state law to hold bad stars liable,” including that attorneys for the city believe they’re within their right to impose fines on individual hosts even while the case is pending.
An update on the case’s status is anticipated around Nov. 18.
Upper West Side state Assemblywoman Linda Rosenthal, who sponsored the state’s brand-new law, stated she wishes to see it imposed as rapidly as possible public relations and law.
” Every single day that implementing this law gets delayed, means another day that we are losing real estate that should be readily available to hardworking New Yorkers,” she stated.