As with most legal issues, it depends. Non-Owner Occupied Short-Term Rentals are more than a fad. Many homeowners have successfully embraced this concept. Plenty of investors have built businesses around the idea of short-term rentals. But you should read the fine print before signing on to this trend. As short-term rentals have saturated the markets, municipalities and neighborhoods have cracked down on the ability to use your property for such a purpose.

Many HOA’s outright prohibit the use of your property for short-term rentals. Local ordinances may also require you to jump through many hoops before you are able to legally place your home on the market as a STR. While it may seem like a great idea for a room you aren’t using, you should invest the time in researching the potential issues and rules that must be followed in your neighborhood.

The attorneys at McDonald, Levy & Taylor, PLLC have knowledge in this area, and would be happy to assist with your short-term rental business. Whether you want to rent a spare room, or are an investor who would like to convert your real estate into short-term rentals, we would love the opportunity to consult with you in order to identify your legal needs.

City of Knoxville Short Term Rental Ordinances