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- Nantucket Banned Corporate-Owned Short-Term Rentals. A Loophole Is Allowing Some To Continue Operating - Nantucket Current
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
The Green Bay City Council is set to vote on new short-term rental rules, which will likely impact local hosts. Details about the specific regulations are not yet known, but hosts should prepare to understand and adapt to the changes. Stay informed about the upcoming vote.
This article discusses the need for housebuilding to address temporary accommodation challenges. It argues that short-term solutions are not enough and should be supported by building more houses. This highlights the ongoing debate about housing affordability and its relationship to the STR market.
Hawaii's hotel industry and the governor are seeking to eliminate 30,000 vacation rentals. This move reflects ongoing tension between traditional hotels and the rapidly expanding short-term rental market. The potential reduction could reshape Hawaii's tourism landscape and affect rental income for hosts, alongside a shift in tourism economics.
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