Regulations & Requirements
THINGS YOU NEED TO KNOW
When deciding whether to become a Daily Room Rentals host, it’s important for you to understand the laws and Daily Room Rentals policies in your area. We are a platform and marketplace and do not provide legal advice, but we do provide some useful information that may help you better understand laws and regulations throughout the country and the world. This list should give you a good understanding of your local laws and policies. If you have questions, consult your local Business Licensing, Building Department, Department of Finance, or other city agencies directly, or consult a local lawyer or tax professional.
- Business Licensing. You may be required to obtain a special license or permit in your area. Check with your local business licensing to see if a short term rental license or a similar requirement is applicable.
- Multiple Dwelling Law. Some states restrict renting out a dwelling for periods of fewer than 30 days when the host is not present. Many state laws exempt rentals to a “boarder, roomer or lodger,” Check out your states restrictions and rules in regards to Multiple Dwelling
- Advertising. Some states have banned advertisement for rentals in dwellings that are in violation of the Multiple Dwellings Laws. Review your county, city, and state policy in regards to the Multiple Dwelling Law.
- Zoning Code. Some States require special zoning for requirements in regards to short term rentals. Check to see if your area is zoned for such rental activities.
- Rent Control. If you live in a property subject to rent stabilization or rent control, you should review these rules carefully to make sure you stay in compliance.
- Taxes. Many states have imposed multiple taxes that may apply to transient occupancy or tourist use, subject to certain exemptions. Examples of taxes that could apply to your listing are State sales and use tax, City hotel room occupancy tax, and State and City nightly room fees. Additional information about hotel sales taxes is available online. Check out your area’s Department of Taxation to see what the regulations are. (The word “hotel” has a broad definition that could apply to you.)
- Other Rules. It’s also important to understand and abide by contracts, rules, and regulations that bind you, such as leases, condo board or co-op rules, Community Rules, HOA rules, or rules established by tenant organizations. Please read your lease agreement and check with your landlord if applicable.
- Safety Procedures. Make sure that you adhere to all area’s safety requiremens in regards to participating in short-term rental activity.
We look forward to working with local officials to help them understand how Daily Room Rentals (drr) benefits business and the community. Our platform assists many households and affords space owners the opportunity to increase their income by providing a rental which increases their quality of life.
This is the drr Way!