Short-term Rental Restrictions Due to COVID-19
Many states and localities are issuing orders prohibiting the operation of short-term rentals to stop the spread of COVID-19. By prohibiting short-term rentals, states are assisting in national efforts to mitigate travel of individuals and to slow the spread of the...
New Short-term Rental Trends in Community Associations
Less than a decade ago, CAI began tracking rental legislation impacting community associations. At that time, only a handful of states were legislatively addressing the issue. Fast forward to 2019, CAI is tracking 79 rental related bills in 29 different states...
Rental Restrictions
Since the housing crisis of 2008, Wall Street real estate investment companies have purchased a huge inventory of homes, typically through foreclosure, that were left abandoned by homeowners unable to pay their mortgages. According to a CoreLogic Special Report...
The Latest on Short-Term Rental Litigation and Legislation
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.
