Reset Password

Your search results
July 15, 2019

Is the traditional way to sell a home over forever?

Arizona House Bill adds limits to short-term rental operations in Arizona.

 

Governor Doug Ducey recently signed Arizona House Bill 2672 regarding short term/vacation rental properties.

Homeowners renting or thinking of renting a home on popular websites like Airbnb or VBRO should be aware of this bill becoming law in August.

Effective August 27, 2019, HB 2672 adds Arizona Revised Statute 42-5042 detailing a few requirements vacation or short-term rental owners will need to adhere to or risk being fined for non-compliance.  https://www.azcentral.com/story/news/politics/legislature/2019/05/21/arizona-law-crack-down-short-term-rental-party-houses-airbnb-vrbo/3761624002/

First, all advertisements for short term rental properties (defined as stays less than 30 days), must list the transaction privilege tax license number associated with the property address.  This TPT license number must be called out in bold on all advertisement to rent the home.

Second, property owners before offering to rent the vacation or short-term rental must provide city or town with contact information for the owner or the owner’s designee who is responsible for responding to complaints, like for excessive noise, promptly at any time of the day.

Fines can range from $250 to $1500 or more. 

With the proliferation of Airbnb type rentals, cities, towns and now HOA’s are struggling to “keep the peace.”  Many cities are trying to find a balance between respecting property owners rights for those that wish to rent their homes short-term and those “permanent” homeowners that often complain of excessive noise, loud parties, cars, and people coming in and out of their neighborhoods.

Many HOA’s are starting to adopt amendments to their Covenants, Conditions, and Restrictions (CC&R’s) to a minimum rental period of 30 days.

For second or seasonal homeowners renting or considering renting your property for vacation or short-term rental stays less than 30 days, you need to do the following:
1) Check your condo or HOA covenants, conditions & restrictions (CC&R’s) to determine if short-term rentals are allowed.
2) Ensure you have proper insurance coverage on your property. Most homeowner insurance policies will not cover damages sustained to property or injuries that may happen while renters are occupying the home. Make sure proper insurance and liability coverage on the house is set up before allowing a renter to move in.
3) Research your town or cities requirement to have a business license. Some consider the act of renting out your home like a business and thus require a business license.

4) Apply for a transaction privilege tax (TPT) license number. This run by the Arizona Department of revenue. More information can be found here: https://azdor.gov/transaction-privilege-tax-tpt. Your TPT license #, effective August 27th, 2019, will need to be shown on all advertisements for short-term rentals.
5) Provide a city or town with contact information for the owner or owner designee responsible for responding to complaints promptly at any time of the day. This must be done when soliciting a client for a vacation rental.
6) Conduct a thorough background check on those that wish to stay in your vacation rental property. Unfortunately, while the majority of renters are good people with honest intent and respect the homes they stay in, there are a few “bad apples” that can destroy property under false identities without repercussion. https://www.azfamily.com/news/wild-party-causes-major-damage-for-tempe-airbnb-homeowner/article
7) Collect a damage deposit that can if there is damage or broken items during a rental stay. A post-stay inspection should be conducted as soon as possible after a visit to determine if any articles, during the stay, were damaged, broke, or went missing.
8) Draft and have a signed rental agreement with the renter. While not required, it is always good to have a written rental agreement outlining what the responsibilities are of the renter AND the owner. This eliminates any misconceptions on what was expected of the renter and the owner to provide a pleasant and successful experience for both.Tweener Homes helps avoid restrictions on short-term (under 30-day) rental stays.

ABC15 Megan Thompson

Tweener Homes, “The home you need when you’re in-between”  is an established Arizona licensed real estate brokerage dedicated to connecting those in need of a monthly furnished rental home with those rental homes. Tweener Homes offers homeowners the opportunity to rent out their homes on a 30-day minimum basis and fills the need for those people that need a rental house for over 30 days but less than a year.

Tweener Homes has been called “the most innovative idea in the home rental market since an Air Bed & Breakfast”! Check out the ABC15 story about Tweener.

Contact Tweener Homes today.  We can help!
Learn more at http://tweenerhomes.com/
email: info@tweenerhomes.com, or call: (833) TWEENER or text: 708 205-1069.

Tweener Homes – The smooth and LEGAL way to help you earn stress-free income on your second or seasonal home the months it is unoccupied.

https://ktar.com/story/2583708/gov-ducey-signs-bill-regulating-short-term-rental-properties-in-arizona/

Find out more at Tweenerhomes.com

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.