New Jersey may soon allow its cities to regulate or even ban the use of Airbnb. Airbnb allows users to rent out their homes or apartments for as little as one night. There are currently no state regulations for such agreements. However, there are two bills in progress that would authorize restrictions on rental agreements shorter than 30 days.
Bill A4587, which would make such rentals liable for the same taxes as hotels and motels, passed the state assembly with a 45-29 vote on Monday, May 22. A second bill, A4441, passed 7-0 in committee, but has not yet received a vote in the general assembly. A senate companion to the latter, S3119, was introduced on May 1. Both the senate and assembly versions would allow municipalities to stop property owners from renting their primary residence for a period of 30 days or less. It would also require hosts to be the legal owner or tenant, allow multi-unit buildings to rent only one unit, require property liability insurance of at least $500,000, forbid listing units with outstanding code violations, and limit listings to one unit per host.
Sponsors of the measures say it is a matter of public safety. “We want residents and tourists to enjoy the options provided by companies like Airbnb, but not at the expense of neighbors who live there on a permanent basis,” said Assemblywoman Valeri Vaineri Huttle (D-Bergen), one of the bill’s sponsors. About 6,100 NJ residents hosted sites through Airbnb last year, renting to about 257,000 people. This resulted in $50 million in income for the renters.
If A4441 becomes law, those who fail to register their AirBnB listings with the local government could face a fine of up to $500 per day the space is offered for rental. They will also be subject to other fines and penalties as be defined by the county or city government.
If you or a loved one has been arrested for a criminal offense in New Jersey, contact the Rosenblum Law for help. Our skilled criminal defense attorneys have extensive experience helping people in similar situations. Email Rosenblum Law or call 888-815-3649 today for a free consultation about your case.