Summit County issued over 300 short-term rental licenses throughout 2022 renewal interval

Brief-term rental properties at Copper Mountain Resort Village are pictured August 13, 2021. By the tip of the 2022 short-term rental license renewal interval, not more than 300 short-term rental licenses had been renewed.
Every day Information for Ashley Low/Summit

For the previous two years, short-term rental guidelines have been the topic of frequent debate throughout the Summit County neighborhood and authorities.

Current outcomes from a short-term rental questionnaire introduced in August confirmed {that a} majority of respondents consider short-term leases negatively impression the neighborhood at giant.

Additionally, the renewal interval for brief time period rental licenses was opened in August. As of September 30, homeowners of short-term leases had the chance to resume their licenses for yet another yr.

Not more than 300 licenses had been renewed for the approaching yr, in keeping with officers, who spoke at a summit board working session of county commissioners on Tuesday, October 4.

Earlier than the renewal interval, there have been roughly 4,700 short-term rental licenses throughout the county. Now, there are round 4,400 left.

To place these numbers into context, Jessica Potter, a senior planner for Summit County Authorities, mentioned the county has misplaced about 6% of its licenses.

“It is not such an enormous quantity,” Potter mentioned. Evaluating the retention and turnover fee for a typical yr of actual property, Potter defined that this quantity carefully aligns with the norm.

She mentioned that whereas some could have intentionally chosen to not renew their licenses, it’s also frequent for householders to promote their property to somebody who now not needs to have a short-term rental.

Brandy Tim, a short-term rental planning technician for Summit County Gov., mentioned some licenses throughout this renewal interval weren’t eligible for renewal till 2023. So some short-term rental homeowners are unable to surrender their license till the next yr.

In response to Potter, a complete of 1,800 short-term rental licenses exist within the neighborhood’s overlay zone, and about 3,000 are within the resort overlay zone. Of the 300 non-renewals, 130 licenses had been within the neighborhood overlay zone, and 170 licenses had been within the resort overlay zone.

Though these numbers don’t pertain to the planning division, Potter speculates that some could not have renewed on account of worth will increase on short-term rental licenses.

Final yr, the price of acquiring a short-term rental was about $150 for an software and $75 for an official renewal. This yr, the neighborhood’s short-term rental license renewals price $535, almost 3 times greater than a yr in the past.

In Breckenridge, the price of renewing a short-term rental license in 2022 was $400 per bed room.

On the Dillon Brief-Time period Rental Open Home, held in late July, the elevated price of proudly owning a short-term rental was a disappointment echoed by present license holders.

This could possibly be a results of how costly the short-term regulation program has develop into, mentioned Jim Carnute of the Summit County Planning Division.

“We, in addition to everybody else, severely underestimated the price of operating this program,” Kernutt mentioned. He emphasised that the division can’t cost greater than what it spends for operating the programme.

Curnute mentioned this system required Tim and his colleague Jen Uhler, one other short-term rental planning technician, to be full-time workers.

As well as, Cernute mentioned there are two code enforcement officers and an individual who strictly oversees program finance, in addition to a software program supplier and “a contract with host compliance” that price between $250,000 and $500,000.

“So the price of this system is essential,” Kernut mentioned.

The following short-term lease regulation dialogue with Summit County Commissioners can be held on October 18 throughout a working session of a Summit Board of County Commissioners.

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