City of Fayetteville reaches cap for certain short-term rental licenses – 4029tv

4 minutes, 49 seconds Read

AND ARKANSAS’ PRIMARY ELECTION DAY IS MARCH 5TH. THE CITY OF FAYETTEVILLE ANNOUNCED IT’S REACHED ITS CAP ON THE NUMBER OF áCERTAIN SHORT-TERM RENTALS WITHIN THE CITY. 40/29’S ABNER SOSA EXPLAINS WHAT THAT MEANS FOR THOSE WHO STILL WANT TO GET A LICENSE. ááABNER OCáá IN 20-21 — THE FAYETTEVILLE CITY COUNCIL VOTED UNANIMOUSLY TO REGULATE SHORT TERM RENTALS THROUGHOUT THE CITY. NOW – THEY’VE REACHED THE MAXIMUM NUMBER OF LICENSES THEY CAN GIVE OUT. ááPKGáá “in 2023, earlier this summer, City Council amended that ordinance and changed it from a 2% cap on all type twos to a hard number of 475.” THE CITY OF FAYETTEVILLE HAS A LIMIT ON LICENSES FOR TYPE-TWO SHORT- TERM RENTALS. THOSE ARE RENTALS THAT ARE áNOT OCCUPIED BY A PERMANENT RESIDENT. THESE COULD INCLUDE AIR B-N-B AND VRBO RENTALS. “basically ever since the city legalized short term rentals within the city limits. People have been working on getting compliant throughout that.” THE CITY ONLY ALLOWS 475 RENTALS. NOW – OFFICIALS SAY THEY SAY THEY’VE REACHED THAT NUMBER. HOWEVER — IF YOU’RE STILL INTERESTED IN GETTING A LICENSE – OFFICIALS SAY YOU CAN APPLY ONLINE AND JOIN A WAITLIST. “So the city is moving to a waitlist model. So right now we basically we’re still in the processing of process excuse me, of issuing the remaining licenses, but we have received as many applications of 475. So new applications coming in now are moving to that waitlist.” ááABNER OCáá OFFICIALS WARN THAT IF YOU’RE NOT ABLE TO GET A LICENSE – DON’T START RENTING YOUR PROPERTY YET. THAT COULD LEAD

Advertisement

City of Fayetteville reaches cap for certain short-term rental licenses

Officials say applications are still open to anyone who would like to be placed on a waiting list

In 2021, the Fayetteville City Council unanimously voted to implement regulations for short-term rentals across the city. Recently, the city reached the maximum number of licenses allowed under the ordinance.Type 2 short-term rentals, which include properties not occupied by a permanent resident, such as those found on Airbnb or VRBO, are subject to the city’s license limit.”Basically, ever since the city legalized short-term rentals within the city limits, people have been working on getting compliant throughout that,” Masters said.Currently, the city permits only 475 type 2 rentals. With this cap reached, those interested are advised to apply online and join a waitlist.”The city is moving to a waitlist model. So right now, we’re still in the processing of issuing the remaining licenses, but we have received as many applications as 475. So new applications coming in now are moving to that waitlist,” Masters said.Officials caution against renting a property without obtaining a license, emphasizing that doing so may result in penalties and utility shutoffs.”The city does enforce short terminals. For several years, oftentimes, the enforcement mechanism has been to get into compliance. So, if somebody’s been operating without a license, they’ve had the opportunity to remediate that situation by getting a license. Now, as we’ve hit that cap, there won’t be an option for getting a license potentially, so they will have to stop operating immediately,” Masters said.For those still interested in acquiring a license, Masters suggests contacting the city offices and submitting an application online. Applications are reviewed on a first-come, first-serve basis. As licenses become available, individuals on the waitlist will be contacted. Officials note that if an application was submitted before reaching the license limit, there is still an opportunity to complete the process.While type 2 short-term rentals have reached their limit, the city still permits applications for type 1 short-term rentals. Type 1 rentals involve properties where a single renter resides for the majority of the year.Interested parties are encouraged to apply for a license for this category.

In 2021, the Fayetteville City Council unanimously voted to implement regulations for short-term rentals across the city. Recently, the city reached the maximum number of licenses allowed under the ordinance.

Type 2 short-term rentals, which include properties not occupied by a permanent resident, such as those found on Airbnb or VRBO, are subject to the city’s license limit.

Advertisement

“Basically, ever since the city legalized short-term rentals within the city limits, people have been working on getting compliant throughout that,” Masters said.

Currently, the city permits only 475 type 2 rentals. With this cap reached, those interested are advised to apply online and join a waitlist.

“The city is moving to a waitlist model. So right now, we’re still in the processing of issuing the remaining licenses, but we have received as many applications as 475. So new applications coming in now are moving to that waitlist,” Masters said.

Officials caution against renting a property without obtaining a license, emphasizing that doing so may result in penalties and utility shutoffs.

“The city does enforce short terminals. For several years, oftentimes, the enforcement mechanism has been to get into compliance. So, if somebody’s been operating without a license, they’ve had the opportunity to remediate that situation by getting a license. Now, as we’ve hit that cap, there won’t be an option for getting a license potentially, so they will have to stop operating immediately,” Masters said.

For those still interested in acquiring a license, Masters suggests contacting the city offices and submitting an application online. Applications are reviewed on a first-come, first-serve basis. As licenses become available, individuals on the waitlist will be contacted. Officials note that if an application was submitted before reaching the license limit, there is still an opportunity to complete the process.

While type 2 short-term rentals have reached their limit, the city still permits applications for type 1 short-term rentals. Type 1 rentals involve properties where a single renter resides for the majority of the year.

Interested parties are encouraged to apply for a license for this category.

This post was originally published on this site

Similar Posts

X