If the new rules pass, an owner would have to occupy a home for at least 180 days a year to use it as a short-term rental. But existing short-term rentals would be exempt until the property gets sold.
That means the owner has to occupy the home for at least 180 days a year. Existing short-term rentals would be exempt from the new rules, with one exception. If the ordinance gets a final stamp of approval, all short-term rental permits will sunset when a property is sold, meaning they cannot be transferred to a new owner.
Several members of the public spoke in support of the ordinance, including Tory O’Connell Curran, who laid out statistics from a data. It points to a nationwide trend of investment firms buying up homes, contributing to a housing shortage. “If you have a B&B, you’ve kind of constructed your property around this type of service,” he said. “And so if you make a sale, it would be common sense and logical that the individual would be selling their business as well as their property. So I think that some of these aspects need to be considered.”
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