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This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
Short-term rentals can pose a policy challenge to local lawmakers, who have to find a way to mitigate the problems that they cause for permanent residents. For example, in Santa Cruz, California , local supervisors have discussed parking restrictions in the areas where there are many short-term rentals, in order to discourage people from ...
Ireland: Short-term rentals are restricted to a maximum of 90 days per year for primary residences; registration is required with local authorities and planning permission is required where a property changes use from private residence to full-time short-term rental. However, compliance with these requirements is minimal, with one study finding ...
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Reasons given for these laws include residents owning their homes while renting the land the home sits on, the high cost of moving mobile homes, and the loss of home value when they are moved. California, for example, has only 13 local apartment rent control laws but over 100 local mobile home rent control laws.
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