Kauai Vacation Rentals Poised for Restriction
News surfaced a few days ago that legislation set on limiting the number of vacation rental properties rented to short-term visitors is gaining steam on the island of Kauai in Hawaii. Bill 2204, as referenced here, would effectively place a limit on the number of vacation properties to be used in such a fashion by not allowing anyone who doesn’t currently rent their property to do so in the future.
Current owners who have paid the appropriate taxes for the current year would be ‘grandfathered’, and free to continue to operate their vacation rental as in the past. New owners looking to enter the market would be unable to use their property for other visitors.
This possible ‘ban’ on vacation rentals in the area comes on the heels of countless other similar news stories coming to light from Alabama to Washington State. While many 2nd homeowners desire to rent out their properties to travelers in order to help lessen their financial burdens (or, heaven forbid, make a profit), local residents in close proximity to large contingents of vacation rentals are often miffed by the loud or otherwise unwelcomed behaviors of short-term vacationers.
The battle continues in many parts of the country, and Hawaii is one of those at the forefront of eliminating (or at least putting a limit on) vacation rentals. Property owners would be well advised to stay on top of local news and changes in policies in their city, county, or even associations.
March 27th, 2007 at 8:22 pm
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