There have been a few big changes since the October ordinance on short-term rental properties. With a quick Airbnb search, there are over 300 active short-term rental properties in Arvada. Given the growing short-term rental market, City officials determined regulations were unavoidable.
Beginning August, Requirements for Airbnb properties include the following:
- Hosts are required to secure a short-term rental permit prior to listing their property
- Hosts can rent no more than three Airbnb properties in the city at any given time
- Hosts can rent their Airbnb for no more than 240 nights of the year
- Hosts may be required to provide a notarized document confirming these items
The City hopes new regulations will keep hosts from maneuvering the system and listing and licensing more than three properties under different LLCs. Essentially, they hope to maintain a stable housing market for families looking for a place to settle down.
While regulations are no surprise, the requirements can vary widely state-to-state or even city-to-city. For example, Denver currently requires hosts to provide proof of $1,000,0000 liability insurance in addition to the common licensure tasks.
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