For the last 2 years I have owned a condo unit in the Weehawken area. Just when I was about to post my listing on airbnb and other sites, a neighbor (who was already listing on airbnb and making good money) got a cease and desist letter from the condo management saying she can't do it anymore because based on the governing documents of the condo association, rentals have to be a minimum of 6 months, and that the rental has to for the entire apartment, not just a room.
NYC is now allowing airbnb rentals again. http://news.cnet.com/8301-1023_3-57605081-93/airbnb-helps-tenant-win-appeal-in-ny-rental-case/ Does that mean NJ will follow suit and allow it? Or am I stuck because my condo association does not permit short-term rentals? What would happen if I went ahead and did them?