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.
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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