AIRBNB AND SHORT-TERM RENTALS: PRACTICAL CONSIDERATIONS FOR LANDLORDS, TENANTS, HOAS, AND OTHER STAKEHOLDERS
April 16, 2019 | (1:00pm-2:30pm)
USA (United States of America)
Vacation and other short-term rentals have become increasingly popular, as businesses such as Airbnb and HomeAway connect hosts and guests online and provide an accessible platform to enter into short-term rental agreements. Buoyed by a growth rate of over 100% year on year, Airbnb now has over 4 million listings with the U.S. being its largest market impacting not only the hospitality industry but also the broader real estate market. This growth has led to states and cities developing an increasing number of regulations aimed explicitly at reining in the use of short-term rentals. Similarly, homeowners associations, condo boards, co-op agreements, and other neighborhood organizations often restrict how properties can be used, including the prohibition of short-term renting.