Fox19 is reporting today that the City of Cincinnati is considering legislation to regulate Air BNB rental units in the City of Cincinnati. Features of the proposed ordinance:
- it would regulate short term rentals of entire dwelling units for periods of 30 days or less at a time.
- Rentals for each unit would be limited to 90 days out of any calendar year.
- Unit owners would have to license each unit and renew the license every year.
- Unit owners would have to submit to annual zoning, building, safety, and housing code inspections.
- Unit owners would have to have liability insurance on the property,
- Unit owners would be required to pay taxes on the rental income, including a transient occupancy tax.
The purposes for the ordinance from the Fox19 are:
- to reduce the negative impact of short term rentals
- to protect residential tenants who otherwise would be evicted to allow for conversion of their units for AirBNB occupants
- to keep AirBNB renters safer.
Read the Fox19 article here.