Board president David Chiu has introduced legislation to crack down on illegal short-term corporate

Board president David Chiu has introduced legislation to crack down on illegal short-term corporate apartment rentals. The new rules would prevent corporations from signing long-term apartment leases only to rent the units out to visiting employees, reducing the rental stock otherwise used by long-term tenants. The regulations, which establishes a complaint and hearing process, requires record-keeping, and empowers nonprofits to assist tenants in taking civil action, could also be used in the future to regulate online rental sites like Airbnb . The Supes will vote on the legislation at their October 16 meeting. [SF Examiner/Photo: Shutterstock ]
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