The Arizona Governor recently passed a new Sedona Short Term Rental law that is causing quite a stir among property owners and investors. The new bill, Arizona SB1168, creates more restrictions for those who want to rent out their properties on a short-term basis. Some of the key provisions in the new bill include: requiring Short-Term Rental permit holders to live on-site, limiting the number of Short-Term Rentals that can be operated from a single property, and prohibiting Short-Term Rentals in residential neighborhoods.
What is the new Sedona short term rental law and what does it do?
Sedona’s new short-term rental law, SB1168, has been receiving a lot of attention from both sides of the issue. Supporters say that the bill will help to crack down on problem properties and improve neighborhoods, while opponents argue that it is an unnecessary government intrusion.
The Arizona SB1168 creates a new category of “restricted use” property for short-term rentals. These properties will be subject to additional regulations, including a limit of two occupants per bedroom and a requirement that all rentals be registered with the city. Additionally, restricted use properties will be subject to increased noise and nuisance enforcement, and homeowners will be required to post contact information for their rental agent or property manager in a visible location.
The bill also includes a number of exemptions, including properties that are owner-occupied, secondary residences, or part of a registered home-sharing program like Airbnb. Additionally, any property that is currently zoned for commercial or industrial use will not be affected by the new regulations.
Arizona’s short-term rental market has been booming in recent years, and SB1168 is designed to help address some of the problems that have arisen as a result. They argue that the tax increase would put them at a competitive disadvantage compared to other states, and could cause businesses to relocate. They also worry that the bill would lead to job losses, as businesses would have less money to invest in new hires. In addition, some property owners believe that the bill would unfairly target small businesses, which are typically less able to shoulder the burden of higher taxes. While the bill’s supporters say that it is necessary to fund vital state services, opponents argue that it would ultimately hurt Arizona’s economy. The Arizona Legislature is currently considering the bill, and it remains to be seen whether it will pass.
How will this bill affect property owners in Sedona who rent out their homes on a short-term basis?
Short-term rentals are currently not regulated in the City of Sedona and there is a growing concern that they are having negative impacts on the housing market and quality of life in residential neighborhoods. The purpose of this bill is to regulate short-term rentals in Sedona to protect the quality of life in our residential neighborhoods while also allowing property owners to rent out their homes on a short-term basis.
This bill will require all Short-term rentals to be registered with the city and to obtain a business license. In addition, Short-term rental will be required to comply with all zoning regulations and maximum occupancy limits. All Short-term rentals will also be subject to annual inspections by the Fire Department. These regulations will help to ensure that short-term rentals are safe for occupants and do not have negative impacts on the surrounding neighborhood. Short-term rentals can be a great way for property owners to generate additional income, but it is important that they are well-regulated in order to protect the quality of life in our neighborhoods.
Are there any exceptions to the new law, and if so, who qualifies for them?
Anyone who owns Sedona real estate is familiar with the unique market here. It’s not at all like the rest of the state or even the country. So when a new law goes into effect that could potentially affect Sedona homeowners, there are bound to be exceptions. And that’s exactly the case with the new Sedona Real Estate Transfer Tax. The good news is that there are several exceptions to the tax, and most Sedona homeowners will qualify for at least one of them. The first exception is for owner-occupied homes. If you live in your Sedona home, you are exempt from the tax. The second exception is for properties that are being transferred to a family member. This includes transfers between spouses, parents, and children, and siblings. So, if you’re thinking of selling your Sedona home, there’s no need to worry about the new transfer tax. Most likely, you will qualify for one of the exceptions.
How do you think this bill will play out in practice – will it help to address the concerns of residents who live near short-term rental properties, or will it create more problems than it solves?
While this bill is a step in the right direction, it is unclear how effective it will be in practice. Many Sedona residents believe that the bill does not do enough to address their concerns. The Sedona real estate market has been struggling in recent years, and many residents have been forced to leave their homes. The city council is now considering a bill that would allow short-term rentals in residential areas. This could provide a much-needed boost to the Sedona economy, but it could also create problems for residents who live near short-term rental properties. There is no easy answer, but the city council will need to carefully consider all of the potential consequences before making a decision. Only time will tell if this bill; Arizona SB1168 will help to solve Sedona’s short-term rental problem or if it will create more problems than it solves.