Do you know how DC’s new short-term rental restrictions bill will affect you?
In late 2018, the DC City Council passed legislation regulating short term rentals like Airbnb. What does this mean for homeowners and investors in the District?
The new legislation requires to obtain a business license with a short-term rental endorsement before listing on Airbnb or other home-sharing platforms. It also requires the platform to obtain a permit and imposes a number of responsibilities on the platform, including the requirement that the platform verify the host’s business license and endorsement. There are a number of significant penalties to the host and platform if the law is violated. Restrictions on the type of properties allowed to rent short-term, vacation rentals, and restrictions on the number of days each year homeowners can operate a short-term rental are included in the bill.
DCRA will be responsible for monitoring short-term rentals until a special office can be established.
The bill passed with enough votes to override a veto and Mayor Muriel Bowser is expected to sign it into law. The measure would take effect on Oct. 1, 2019.
Airbnb opposed the DC bill and has opposed similar legislation in places like San Francisco, New York and Boston, MA. The home-sharing platform filed a lawsuit challenging the Boston law.