What is considered a short-term rental?
Short term rental, also known as vacation rentals, is the renting out of a home, apartment, or condominium for a period shorter than a traditional lease. Short-term rentals are especially popular in destination areas. Usually the owners will rent out their property for the week, or sometimes even overnight stays. Short-term rentals have become especially popular over the past few years due to the popularity of companies such as Airbnb. Although short-term rentals are great for people wanting to vacation and avoid hotels, it has become a nightmare for homeowner associations.
Why do HOAs dislike short-term rentals?
The main problems HOAs have with short-term rentals are with issues that may arise from renters. These issues can be anything from excessive noise, more traffic coming through the neighborhood, vandalism, and even small things such as leaving trash out on the street. Although these problems may not seem big, the HOA’s primary job is to keep their residents happy, and if someone is constantly renting out their home, these issues can build over time.
How should HOAs handle Short term rentals?
In most locations, short-term rentals are legal including apartments, townhomes, and condominiums. This does not mean there is nothing an HOA can do about short-term rentals. The first thing an HOA should do is to check your local laws, as in most cases local laws can help crack down on potential disturbances in short-term rentals. Although there are no laws that ban short-term rentals, there are some ordinances that prohibit vacation rentals certain city limits. Also, an HOA can also amend their governing documents to ban short-term rentals, as long as it coincides with the law.
If there is no other way for the HOA to control short-term rentals, reporting every single disturbance will be your best hope. Multiple disruptions can come with hefty fines for property owners and could possibly discourage future short-term rentals