DPD Says No to Short Term Rentals
The Department of Planning and Development recently ruled that short term rentals are considered commercial activity, and therefore, prohibited from multifamily zoned structures, i.e., condos.
According to the Daily Journal of Commerce, a group of unit owners at the Elektra Condominium requested interpretation of the code after the city began enforcing the code against owners who rented their units for less than 30 days periods. Though, the code does not specifically state a minimum length of stay for a occupancy usage to be considered commercial.
This ruling may be applicable to the 1 Hotel project, in which case, 1 Hotel’s hybrid condotel units will be a thing of the past. It’ll also affect owners in the handful of downtown area condominiums that don’t have restrictions on rental length.
