Short-Term Apartment Rentals in NYC May Be Outlawed

The days of New York City apartment dwellers pocketing a few extra bucks by renting out their pads to strangers for a few days may be coming to an end. A proposed law currently being debated by the New York State legislature would make it illegal to sublet an apartment for less than one month.

The sponsors of bill A10008B hope to crack down on landlords who use apartments as illegal hotel rooms. That practice allegedly results in apartments being used as short-term rentals -- disturbing tenants and denying those apartments to middle-income renters.