Post tagged with


Offering A Sublet For The Holidays

IMG_1474Darla Murray This holiday season may be the last in which some New Yorkers are able to offer their apartments for short-term stays because of new regulations governing sublets.

As the holiday season approaches, Web sites like Roomorama, Homeaway and Craigslist will be flush with temporary vacation rental listings. According to Jia En, founder of Roomorama, a company specializing in short-term rentals, East Villagers are among the most active users of vacation rental sites.

“People in this neighborhood tend to travel a lot,” says Ms. En, who adds that they are also business savvy because “instead of leaving their place empty, they use it as a way to earn some extra money.” The holiday season can be especially lucrative.

“New Year’s Eve is one of the most popular times for visitors,” says Ms. En.
Unfortunately, for both residents wanting to make some extra cash and tourists hoping to save some, this will be the last holiday season that tenants will be able to sublet their apartments for short stays. In July, Governor David A. Paterson signed into law a bill that makes it illegal to rent out apartments for less than 30 days in New York.

The Local consulted veteran East Village subletters to draft a list of the Dos and Don’ts of subletting, just in case you’re hoping to take advantage of your last holiday season of short-term leasing:
Read more…