The sharing economy phenomenon and use of online platforms like Airbnb and VRBO, which facilitate short-term rentals, have significantly transformed the dynamics of renting property. The popularity of Airbnb and VRBO has created a unique housing market where short-term rentals provide considerable income for some community association owners, particularly those in vacation destination and resort areas. Community association owners, therefore, must determine what short-term rental policy is appropriate for their community.
By the end of this month, 17 state legislatures will have adjourned. This year has proven to be an interesting one for many industries. Freshman legislators made up a large portion of lawmakers in many states after last fall’s election cycle, and many of CAI’s legislative action committees grappled with losing former legislators who “championed” community association issues.
Every year the Community Association Law Seminar presents a review of significant appellate cases that shaped community association law in the prior year. These cases also focus on upcoming, emerging trends in association jurisprudence that are sure to advance the future of community association law. In 2018, 450 relevant cases were reviewed, 250 cases were summarized by CAI’s outstanding Case Law Update Team, and 80 cases were formally presented to the 564 attendees of 2019’s Community Association Law Seminar.
While the federal government shutdown enters its third week; state governments legislative sessions have started. By the end of this week, 33 state legislative sessions will have started. CAI is already tracking hundreds of legislative proposals impacting the community association housing model.