San Francisco mayor proposes one hundred twenty day caps on Airbnb leases

San Francisco mayor proposes 120 day caps on Airbnb rentals

As San Francisco’s housing disaster continues to pit lengthy-time period residents towards the current inflow of prosperous tech staff, Airbnb and different brief-time period leases have turn out to be a supply of pressure. At present San Francisco Mayor Ed Lee and Supervisor Mark Farrell hoped to ease a few of that pressure by introducing reforms to the town’s brief-time period rental legal guidelines that put a one hundred twenty day yearly cap on all brief-time period leases. The package deal of amendments additionally launched the creation of a brand new Workplace of Brief-Time period Rental Administration and Enforcement for the town employees to “coordinate within the administration and aggressive enforcement of the regulation.”

Airbnb and different brief-time period rental providers have come beneath hearth in San Francisco as a result of they take rental models off an already restricted housing market. The present regulation caps brief-time period leases at ninety days when the host is just not current. If the host is current — for instance a room rental in an occupied house — there isn’t a yearly cap. At present’s modification package deal units caps for each kinds of leases. Mayor Lee stated in a press release, “this laws will assist maintain our Metropolis extra reasonably priced for homesharers, protect rental housing for San Franciscans, shield neighborhood character and streamline allowing and enforcement beneath a good set of laws.”

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San Francisco mayor proposes 120 day caps on Airbnb rentals

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