City Hall is creating new regulations that aim to prevent landlords from converting rent-controlled units to vacation rentals.

Hundreds of rent-controlled apartments are rented by the day or month on websites such as zeusliving.com, according to local officials. City Council members believe this key supply of affordable housing needs to be preserved for long-term renters and is planning to require that landlords lease their rent-controlled units to individuals, not companies, for a minimum of one year.

Read More: https://www.smdp.com/city-seeking-long-term-solution-for-medium-term-rentals/179745