SHORT-TERM RENTAL OF RESIDENTIAL PROPERTY
The ability of an individual to rent their property is a fundamental right of ownership supported by years of caselaw. The rise of online platforms like Airbnb and VRBO have led municipalities to limit owners’ abilities to exercise that right.
NC REALTORS® POSITION
Prevent municipalities from indiscriminately limiting residential property rentals and protect the right of property owners to rent their property. Require that online rental providers and owners comply with existing state laws regarding property rental and tax remission.