Cities move against unregulated short-term commercial accommodation

June 30, 2016

Cities around the world have started to take control of the burgeoning unregulated short-term accommodation sector with new legislation and rules targeting commercial operators. The most significant of these is New York, with the Senate supporting its earlier decision to make illegal short-term rentals of less than 30 days in non-residential properties by introducing fines of up to US$7500 for repeat offenders. http://goo.gl/H0I19Q

San Francisco is going one step further and putting the onus on websites such as Airbnb to be responsible for advertising only compliant properties. The city’s Board of Supervisors requires short-term rental websites to only post rental listings by residents registered with The City, or face daily fines of up to $1,000. http://goo.gl/qsrJ4v

The ‘commercialisation’ of short-term accommodation sites in America is now increasingly understood and being acted upon. A study by Pennsylvania University showed that multiple non-residential property owners were increasingly taking over the market, requiring urgent regulatory action. http://goo.gl/uRPZCB

TAA is utilising the NSW Inquiry on the sharing economy to develop an agreed model with other industry bodies that could potentially be used as a template in all markets.