Short Term Rental | Air B&B

Pros Associated with Short-term Rentals | Air B&B

  • Increases the number of available rental units to meet the flexible demand
  • Provides a greater diversity of available types and locations of rental units
  • Provides a revenue stream for homeowners (investment opportunities, renovations, etc)
  • Provides additional marketing for the community

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Cons & Challenges for Community

  • Increased demand for Village services and resources
  • Short-term rental typically brings greater noise, greater congestion for parking, increased water & septic usage and generates greater garbage than residential use
  • If unregulated, allows for tax evasion
  • Safety concerns for consumers if uninspected by qualified safety inspector

For the above-mentioned reasons, the Village Board will require a permit for short-term residential rentals. The following are proposed details of the permitting of short-term residential rentals.

Permit Application Requirements (In addition to long-term residential rental code requirements):

  • Applicant must be an “actual person” with an ownership interest in the subject real property
  • Inspections will be performed annually by the designated Village Code Enforcement Officer
  • Subject property must have a valid CO
  • Subject property shall be clear of any outstanding code violations
  • Subject property must be insured with liability limits of not less than 1 million / 2 million aggregate
  • The septic system at Subject property must meet current code
  • Septic at Subject property must have been pumped and inspected within 12 months preceding the application
  • Septic must be pumped within 12 months preceding each year’s renewal.
  • Permit for short-term residential rental must be renewed every 12 months
  • Subject property will be required to maintain working illuminated exit signs above at least the main entrance and the main exit of the Subject property
  • Parking spaces will be designated by the building inspector on a case by case basis
  • Garbage will not be permitted curbside until 5pm the preceding night prior to scheduled refuse pickup
  • Permits area privilege and not an entitlement and subject to review and suspension by the Village Board

Fees (Adopted Mar 21,2022 Resolution #40)

  • Initial registration and inspection fee for owner/agent occupied fee: $250
  • Renewal registration and inspection fee for owner/agent occupied fee: $100
  • Initial registration and inspection fee for other-than-owner/agent occupied fee: $1,000
  • Renewal registration and inspection fee for other-than-owner/agent occupied fee: $750

Fines

  • Operating without a short term residential rental permit, a fine of up to $1,000 per day.
  • Failure to have any required inspection up to $250 per day.

Timeline:

  • Mailing to notify all residents of the new law shall be complete by January 1
  • Approved permits will be required for the June 1, 2018 – May 31, 2019 year and must be approved no later than May 31, 2018 to operate after June 1, 2018
  • Applicant should allow up to 30 days for processing.