Nantucket Banned Corporate-Owned Short-Term Rentals. A Loophole Is Allowing Some To Continue Operating - Nantucket Current
Summary
Nantucket has banned corporate-owned short-term rentals, but some are still operating due to a loophole. Hosts in areas with similar regulations should be aware of potential loopholes and how they might be exploited.
Key Insights
- •Nantucket banned corporate-owned STRs.
Action Items
- ✓Review local STR regulations and identify any potential loopholes that could affect your operations.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with local STR regulations, especially those targeting specific ownership structures, can lead to operational disruptions or penalties.
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.
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