The recent passage of Senate Bill 1350 in Arizona has many local vacation rental associations concerned. The measure also entails a new short-term rental ordinance in Coconino County. If you own or rent out your property, you should know the impact this ordinance will have on your business. The new law does not abrogate CC&Rs and private easements. This is your responsibility to enforce those laws.
Impact of Senate Bill 1350 on Coconino County Vacation Rental Owners Association
The recent passing of Senate Bill 1350 could have a significant impact on the Coconino County Vacation Rental Owners’ Association. The legislation amends state law to allow cities to issue regulations, restrict the use of vacation rental properties for special events, and require owners to post a complaint form. The Arizona amendments also allow cities to make public safety regulations for rentals. Ultimately, the state wants to ensure that local laws protect property rights, but is concerned that some cities might have trouble keeping the law in place.
Arizona’s bill would have banned vacation rentals, but not the ones that allow guests to rent out spare rooms. Airbnb got its name from an air mattress. The bill’s proponents argued that the legislation would benefit hardworking citizens, but the governor acknowledged that it would have unintended consequences later on. While he supported the bill, he also expressed concern about the impact it could have on the vacation rental industry in the state.
Impact of short-term rental ordinance on Yavapai County Vacation Rental Owners Association
A recent short-term rental ordinance in Arizona has sparked controversy in Yavapai County. The ordinance outlines new regulations for short-term rentals and prohibits special events requiring a permit. Additionally, short-term rental hosts must provide contact information so that the municipality can respond to complaints. Those who violate the short-term rental ordinance could be fined up to $1,500.
The Yavapai County short-term rental ordinance defines vacation rentals as lodging and restricts them to certain zoning districts. While a zoning change would prohibit vacation rentals from all zones, homeowners could apply for conditional-use permits to allow them in other zones. While the final ordinance doesn’t address the issue of short-term rentals in residential areas, many Realtors are pleased with the overall approach.
Impact of home rental tax on hotels and motels
The impact of a home rental tax on hotels and motels is uncertain. Some people say it will not reduce demand and that owners and managers will charge higher prices as a result. Others are more skeptical. If the tax is implemented without a transition period, it may reduce demand. In Georgia, the tax would affect short-term home rental companies. In Georgia, home rental companies are required to collect a $5 per-night lodging tax and local excise tax, which can be as high as 8%. However, they will pass these costs on to renters.
The new tax applies to rentals of less than 31 days. It is not applicable to tenancy-at-will or annual leases. In addition, this tax does not affect those renting for longer than 31 days. The law does not apply to ordinary tenancies. It is unlikely to apply retroactively. Therefore, owners and managers should prepare for it and ensure they have adequate insurance coverage. While this tax will hit hotel and motel owners, it will affect the industry more than most other sectors.