Keeping true to his goal for Arizona to become to the sharing economy of what “Texas is to oil and what Silicon Valley used to be to the tech industry,” Governor Ducey signed SB1350 paving the way for vacation rentals in Arizona. Prior to SB1350, cities such as Scottsdale, Phoenix, and Sedona opposed residential rentals for less than thirty days.
Now state law prevents cities and counties from banning short-term rentals and establishes uniform tax laws for vacation rentals.
Click here, to review an overview of the new law in Arizona. This new law protecting vacation rentals in Arizona is the first of its kind in the nation. Airbnb and VRBO are now lobbying across the country for similar laws in other states.
Although SB1350 prevents cities and counties from restricting vacation rentals, in limited situations HOAs may restrict short term rentals pursuant to CC&Rs.
For more information regarding vacation rentals, call or email Mr. Charles today, to schedule a consultation.