A draft code is under review for short-term rental properties in Fayetteville, AR. The City Administration has postponed sending the draft code to City Council until in-person meetings have resumed. With roughly 500 short-term rentals in the City, the administration hopes all parties involved will agree on the proposed regulations, which include the following:
- An occupancy cap of two people per bedroom plus an additional two; a maximum of eight people to each property
- A 24-hour contact to be available by phone and within an hour of the property
- A business license requirement; current short-term rental properties will have six months to secure their business license
- A building inspection will be required to ensure the property has basic safety features (smoke detectors, etc.)
- Proof of fire, hazard, and liability insurance would also be required
Go to the Fayetteville government website to see updates on short-term rental regulations as they develop. You can also read through the short-term rental draft code here.
How Short-Term Rental Regulations Affect These Businesses
With regulations cropping up in cities all across the U.S., hosts like yourself are encouraged to step back and take a look at how you’re running your short-term rental business. Do you make sure there are functioning safety features such as smoke detectors, carbon monoxide detectors, railings on stairs, etc? In order to maintain a thriving business, it’s vital to ensure your property is safe for guests.
If things take a wrong turn, you want to make sure you have insurance to protect you and your business. If a guest were to fall down the stairs or be bitten by your neighbor’s dog, you need insurance coverage to fall back on.
Protect your short-term rental with all-inclusive insurance with coverage for fire, hazard, and commercial general liability. Proper’s policy meets and exceeds City requirements and protects hosts and their business from the unique risks prone to short-term rental (Airbnb/Vrbo) properties.