Short-term rental
Dwelling rented for short periods
From Wikipedia, the free encyclopedia
Short-term rentals (STR) are furnished lodging rented for short periods of time.[1] They can be used as alternatives to hotels for vacation rentals and housing during relocation.[2] They are usually reserved via online marketplaces such as Airbnb and Booking.com.
Regulations
Regulations have been imposed on short-term rental platforms after proponents argued that short-term rental has reduced affordable housing and contributed to the increase of long-term rental prices due to changes in housing supply and demand; short-term rentals can be more lucrative than long-term rentals for landlords and also attract investors who bid up housing prices.[3] Supporters of short-term rentals argue that the impact on housing prices has been minimal and that the way to increase affordable housing is to increase the housing supply.[4][5] Examples include Lisbon, where a moratorium on short-term rentals did not reduce housing costs; it only increased hotel prices.[6]
In rare cases, landlords have been accused of illegally evicting tenants to convert properties into short-term rentals to obtain higher rents.[7]
The hotel industry has lobbied for additional regulations on short-term rentals, which compete with hotels.[8] Short-term rental platforms also use lobbying to promote their interests.[9]
In addition to government-imposed restrictions, many homeowner associations also limit short-term rentals.[10] Neighborhood community groups have voiced concern that short-term residents can cause issues with congestion, noise, and safety.[4]
Regulation of short-term rentals can include requirements for hosts to have business licenses, payment of hotel taxes, limitations on the number of days that a space is rented, requirements for hosts to occupy the space, and compliance with building, city and zoning standards.
Regulations by jurisdiction
Europe
- Amsterdam: Hosts can rent their properties for up to 30 nights per year to a group of no more than four at a time.[11] Short-term rentals are banned in certain areas.[12]
- Barcelona: Licenses and higher property taxes are required.[13][14][15] All short-term rentals will be banned in November 2028.[16]
- Berlin: Licenses are required. Hosts must live in most of the property.[17]
- Budapest: Licenses and taxation are required; short-term rentals are banned in certain areas.[18]
- Ireland: Licenses are required. Short-term rentals are restricted to a maximum of 90 days per year for primary residences.[19][20][21]
- Lisbon: Licenses are required. Short-term rentals are limited to 10% of the housing stock.[6]
- London: Short-term rentals are limited to 90 days per year.[22][23]
- Lucerne: Short-term rentals are limited to 90 days per year.[24][25]
- Madrid: Listings without private entrances are banned.[26]
- Palma de Mallorca: Short-term rentals are banned.[27]
- Paris: Hosts can rent their homes for no more than 120 days per year.[28] Licenses are required.[29]
- Rome: Short-term rental sites are required to withhold a 21% rental income tax.[30]
- Venice: Hosts must collect and remit tourist taxes.[31][32]
- Vienna: Short-term rentals are banned in specific "residential zones" within the city, with the exemption of apartments occupied by the host.[33]
United States
- Phoenix, Arizona: Most regulations are not allowed since municipalities are prohibited from interfering in property rights.[34]
- Boston, Massachusetts: Short-term rentals are only allowed in owner-occupied condominiums, single-family, two-family, and three-family buildings. Registration is required.[35]
- Chicago, Illinois: Licenses are required. Single-night stays are prohibited.[36]
- Jersey City, New Jersey: Hosts are only allowed to rent for 60 days per year.[37][38]
- Las Vegas, Nevada: Owners must occupy the property; must be away from casinos, licenses are required, limited to 1% of housing stock.[39]
- Los Angeles, California: Hosts must register with the city planning department and pay an $89 fee and cannot home-share for more than 120 days in a calendar year.[40][41]
- Miami, Florida: Short-term rentals are banned in most neighborhoods, in part due to lobbying efforts of the hotel industry.[42][43]
- New York City, New York: Licenses are required. Rentals under 30 days are prohibited unless the host is present on the property.[44]
- Portland, Oregon: The number of bedrooms in a single unit that may be listed is limited.[45]
- San Diego, California: Units for short-term rental are limited to 1% of the housing stock and licenses are required.[46]
- San Francisco, California: Registration by hosts is required.[47]
- Santa Cruz, California: Local Board of supervisors discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from staying there, and prioritize the local residents' ability to park.[48]
- Santa Monica, California: Licenses are required. Hosts are prohibited from listing multiple properties.[49]
- Seattle, Washington: Licenses are required. Hosts cannot rent more than two units.[50]
- Washington, D.C.: Licenses are required. If the host does not live on the property, rentals are limited to 90 days each year.[51]
- Weehawken, New Jersey: Short-term rentals under 30 days are banned.[52]
- West New York, New Jersey: Short-term rentals under 30 days are banned.[53]
Canada
- Montreal: Short-term rentals must be in a host's primary residence. Only allowed between June 10 and September 10. Prohibited in certain districts.[54]
- Toronto: Licenses are required. Short-term rentals must be in a host's primary residence. Taxes are required.[55]
- Vancouver: Licenses are required; cost C$1,108/year. Short-term rentals must be in a host's primary residence.[56]
Asia
- Japan: Licenses are required; a home can be rented for a maximum of 180 days per year.[57]
- Singapore: Short-term home rentals of less than three months for private properties or less than six months for Housing and Development Board flats are illegal.[58]