Annapolis City Council passes legislation preventing shared investments in short-term rental properties - Capital Gazette
Summary
The Annapolis City Council passed legislation prohibiting shared investments in short-term rental properties. This means that if you're planning to invest in an STR in Annapolis with others, you'll need to review the new regulations. Check the specific details of the legislation to ensure compliance.
Key Insights
- •The Annapolis City Council passed legislation specifically addressing shared investments in short-term rental properties.
Action Items
- ✓Hosts with properties in Annapolis, MD, should review the new regulations to understand the specifics of the ban on shared investments and ensure compliance.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with the new legislation regarding shared investments in STR properties could result in penalties, the nature of which are not specified in this article, but which could lead to property or business difficulties.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM