Thursday, September 15, 2011

Are Vacation Rental Regulations on the Rise?

By Carl Shepherd, Co-founder/Chief Strategy & Development Officer, HomeAway, Inc.

A December 2010 article that gives a comprehensive overview of vacation rental regulation issues.

minimize the threat of vacation rental regulationsThe news out of New York in September that the City was making all short-term leases illegal was extensively covered by both the travel industry and national press. The new law prohibits vacation rentals of less than 30 days in some New York City buildings, depending on certain guidelines. Those guidelines, however, happen to cover most of the residential buildings in the five boroughs, so even though it is still technically legal to rent short-term for some owners, the ban imposed by the state legislature is quite damaging to New York City property owners.

This news was accompanied by follow-up stories of increased or renewed regulations in Paris, Chicago and San Francisco. This sudden burst of activity made us think - are vacation rental regulations on the rise?

Read more from Homeaway.Com ....

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