The internet has undoubtedly changed the way people work, shop, travel, and consume. The internet, specifically Airbnb, is also changing how people view and arrange for housing. According to AirBnb’s website, over two million people book on AirBnB each and every night. AirBnB has listings in over 81,000 cities in over 191 countries. Short-term rentals of houses, apartments, and condominium units are becoming ubiquitous and a profitable way to use one’s real estate.
For community associations, short-term rentals are a hot topic in today’s legal and association governance landscape. Courts and localities are attempting to deal with the unique challenges presented by short-term rentals. Some jurisdictions are seeking to limit or otherwise tax short-term rentals. Community associations are also faced with regulating short-term rentals, responding to potential objections by certain owners, as well as planning to minimize the potential risks posed by short-term rentals.