Ocean City ordinance would set 10 percent cap on short-term rentals in neighborhoods - CoastTV
Summary
Ocean City, in an effort to manage short-term rentals, is considering a new ordinance to limit the number of STRs in residential areas to 10%. This cap aims to balance the needs of both residents and the growing STR market. Hosts in Ocean City should stay updated on this regulation to ensure compliance.
Key Insights
- •Ocean City is considering an ordinance to set a 10% cap on short-term rentals in residential neighborhoods.
Action Items
- ✓Hosts with properties in Ocean City should monitor local government announcements for updates on the proposed ordinance.Effort: lowImpact: high
Common Mistakes
- ⚠Failing to comply with new regulations could result in fines or the inability to operate as a short-term rental.
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