Currently, it is illegal to rent an entire apartment or home in a building for fewer than 30 days. "New York City Council Bill Toughens Airbnb Regulations" at 6:52 p.m. ET on May 12 incorrectly said it was illegal to do so in a building with three or more units.

(END) Dow Jones Newswires

May 20, 2021 14:23 ET (18:23 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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