If you’re leasing your property in Miami or you plan on visiting and staying at an Airbnb or other rental, you may want to plan accordingly.
Officials in one of Florida’s most popular vacation spots are now beginning to implement strict new laws when it comes to short-term rentals like Airbnb, FlipKey, and more. According to legislatures, too many people are renting property in zoning districts that don’t permit it. However, because the law was written at a time before services like Airbnb were available, current rentals technically fall into a legal “grey” zone. But now, new legislature will be changing that.
The new law, which started on September 22nd, will ban rentals shorter than 6-months in residential districts. Property owners will also be required to register with the city.
Short-Term Rental Companies Also Under Fire
Property owners aren’t the only ones under scrutiny. Under the new Miami law, rental services like Airbnb, FlipKey, HomeAway, and more are now legally required to report unlawful rentals within 15 days or they’ll face legal consequences.
Currently, Miami has a steep $20,000 fine if residents are found renting their property in a residential district.
Unfortunately, Miami’s new legislation is strict and currently does not allow for any exceptions at this time. Property owners will have a 30-day grace period to take their home off the rental market if its in one of the restricted zones.