Updated about 5 years ago on . Most recent reply
Question about short term rental restrictions
A theoretical question. :-)
What is an average penalty in VB area if the condo association considers that the owner violated rental restrictions? For the sake of conversation they permit 6 months minimum and the tenant vacated earlier and needed to be replaced. (I mean it's just an example, maybe not the best one, we don't need to solve it...)
So, how much can the investor / owner be charged? Is it a one time fee? Fee for each violation? How much can it be?
Would the amount be in condo documents that will be provided after inspection?
Most Popular Reply
I'm commenting on Short Term Rental (Vacation Rental). The main thing is getting the Conditional Use Permit approved by City Planning and City Council as that seems to be the biggest hurdle. In that application, it will need the condo assn to sign off on it. At that point and in your condo docs, it would highlight the minimum lease term, if one. If there is no mention of the lease terms, we've always considered it to be any term. Fines for violations may not be listed in any docs but you may be able to call the Assn Management Company anonymously and get the answer. Side note, currently in VB, the ordinance is reading 1 dedicated and assigned parking space per bedroom, 3 night minimum stay, and 3 per bedroom. Planning and Council are strong arming people into agreeing what isn't passed ordinance to approve at 1 stay per week and 2 people per bedroom amongst other stuff. Let me know if you have any other questions or if I didn't answer you correctly.
- Jason