Governor Ducey signed SB1350 on June 12, 2016, and it becomes effective January 1, 2017. The bill prohibits municipalities from restricting or regulating the ability of homeowners to use their property as vacation rentals and short-term rentals, with certain specified exceptions. Some homeowners welcomed this legislation because it removed obstacles to renting their home on a short term basis, with companies such as Airbnb and VRBO. However, other homeowners and community associations are concerned that the bill potentially affects whether their current declarations of covenants, conditions, and restrictions (CC&Rs) can be used to stop members from using their properties as vacation rentals. Read the article……………
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