On December 11th, 2017, the Seattle City Council voted 7-0 to limit the number of short-term rentals a property owner could own and list on sites like TurnKey, Airbnb, and HomeAway.
The maximum number of properties a property owner can permit varies based on location and whether or not the operator had listed their home(s) prior to September 2017. The new regulations will go into effect on January 1, 2019.
Here’s how the new regulation will work:
Council members argued Seattle can’t afford to lose permanent units as home prices rise and affordable housing becomes harder to find. This new regulation also implements additional fees and taxes, which you can read more about here.
TurnKey Vacation Rentals has a team that focuses on rules and regulations regarding taxes and compliance, and they work diligently to keep our homeowners informed and compliant with local laws.
For more information, read this Twitter thread from the Seattle City Council.