New home-sharing regulations are in place for the city of Los Angeles, changing the way hosts from Airbnb and other rental platforms can book vacation stays and short-term rentals.
Starting July 1, 2019, hosts must register and pay an $89 fee to the city. Hosts can only register one property with the city at a time and the property must be their primary residence (where they live at least six months out of the year). Rentals are limited to a 120-day annual cap, and rent-stabilized units are no longer allowed to be used for home-sharing—even if the host owns the unit.
The city’s planning department has put together a detailed FAQ on the home-sharing ordinance with more information on how to register and pay fees before enforcement of the regulations begin on November 1, 2019.
Here’s what hosts need to know:
The new rules, which were passed in December 2018 after three years of deliberation by the City Council, are the city’s first attempt to regulate LA’s short-term rentals, which some advocates claim are taking affordable units off the market and worsening the housing crisis.
About 23,000 housing units are available for rent in the city of LA on short-term rental platforms, with about 10,000 units primarily used for short-term rentals, according to Host Compliance LLC, a company that monitors short-term rental platforms.
The new rules have already been contested by the California Coastal Commission, which regulates hotels and other rental properties in designated coastal areas, including Venice. A lawyer who represents property owners told the Los Angeles Times that limiting rentals may violate the Coastal Act and plans to take the city to court.
In March, the city’s tourism and convention board announced the city had welcomed a record-breaking number of tourists last year, with 50 million people visiting Los Angeles in 2018.
Photo Credit: www.airbnb.com
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