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Travelers can now expect to find fewer homes available as Amsterdam limits bookings for entire apartments and houses to 60 nights every year. Violators are subject to a fine of $484 a day for first-time offenders and $968 a day for repeat offenders. In 2018, aParis official, Ian Brossat, criticized home rental services becausehe believes they displacelocal people from the main city. Up to 90 nights a year withouts hosts. Hosts with 1 home-share unit register through the rental platform. Are you a short-term rental owner who wants to talk about your experience with regulations? In the summer of 2020, Aspen hospitality businesses saw their average daily rates increase by 29% year-over-year while their revenue per available room increased by nearly 99%, according to data from the Aspen Chamber of Commerce. WMATA/WMATA On top of that, hosts must apply for a business license, incurring a 14% Transient Occupancy Tax and other nightly fees for short-term stays, making them even costlier. He is also a freelance financial writer on a wide variety of topics. Those living outside the Greater London area may rent their primary or secondary properties for up to 140 days a year. "Obviously there's a proper use and improper use of residential properties," Robert Knecht, director of public works for Memphis, told the Commercial Appeal. "I support the extension of the moratorium so that the new ordinance can be worked out in a fair and equitable manner.". This cityhas effectively wiped out 80% of its Airbnb listings by instituting the toughest regulations on short-term rentals in the United States. Investopedia does not include all offers available in the marketplace. (The two-year license costs $104.50.). What legal and regulatory issues should I consider before - Airbnb According to data from AirDNA, there are 766 short term rental properties in Portland and they have an occupancy rate of 74%. Zaw Thiha Tun is currently an investment advisor for PI Financial Corp. 26 Cities Where Short-Term-Rental Laws May Make Hurdles for - Insider When guests are staying for less than 30 days, hosts are forbidden from renting out a whole apartment, meaning short-term visitors will either have to settle for a private room in someones house, or book a hotel room instead. A favorite among adventure seekers, Thailand is yet to open up to the AirBnB community, not only discouraging but considering the practice illegal across the whole country, including in its capital Bangkok.