Short-Term Rentals: New Municipal Regulations & HOAs/Condos (NC)

/ Owner - December 5, 2018

The convenience and cost of Airbnb, VRBO, Homeaway and other platforms have made short-term rentals (sometimes called “STRs” or “STVRs” for “short-term vacation rentals”) a booming business. Airbnb said earlier this year that it has over 640,000 hosts and 4 million listings! That said, short-term rentals can bring concerns. For one, too many rentals may change the nature of a community. Some traditional owner-occupied homeowner and condominium associations have found themselves awash in short-term renters. While there is nothing inherently negative about short-term renters, some communities have found that short-term rentals can lead to additional administrative costs, such as determining who has a right to use the common areas (versus just assuming that any new face at the pool has a right to be there). In addition, some hotels and traditional B&Bs have questioned whether it is fair for mostly unregulated short-term rental hosts to avoid the rental taxes, construction requirements,”      Read the article……………….

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