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Airbnb Regulation Bill Advances in NJ

Ridgewood Real estate

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By JT Aregood • 02/27/17 3:44pm

New Jersey took a step toward allowing its cities to regulate or effectively ban the use of Airbnb Monday, with a bill aiming to ban rental agreements shorter than 30 days advancing in committee. The service, which allows app users to rent out their homes or apartments to travelers for even one-night stays, is currently unregulated in the state.

The bill’s sponsor, Assemblywoman Valerie Vainieri Huttle, called the current lack of regulation a threat to public safety after its successful 7-0 vote in the Assembly Tourism, Gaming and the Arts Committee.

“The current practices of short-term rental businesses lack the necessary safety precautions for our municipalities,” Vainieri Huttle said. “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. This legislation creates a baseline registry that municipalities can implement as they see fit.”