Holmdel spends $4.5M to buy farm and avoid development, moves to ban short-term rentals - Asbury Park Press
Summary
Holmdel, NJ is moving to ban short-term rentals. Hosts in the area should monitor local regulations for potential restrictions on their ability to operate short-term rentals.
Key Insights
- •Holmdel is moving to ban short-term rentals.
Action Items
- ✓Monitor local regulations for potential restrictions on short-term rentals in your area.Effort: lowImpact: high
Common Mistakes
- ⚠Failure to comply with local regulations, including potential bans, could result in the inability to operate short-term rentals.
More from Regulations & Compliance
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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.
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