Legal Issues Concerning Short Term Rentals
Date: Feb 24, 2022 9:00 a.m. – 12:00 p.m.
Location: Online
Areas of Law: Real Property, Trust, & Estate
Earn up to 3 credits! (More Information)
Keynote
Moderator
- George C. Greatrex, Jr., Esq.
- Hill Wallack LLP, Cherry Hill
Presenters
- Yuri Kapilovich
- Thomas J. Major, Esq.
- The Major Law Firm
- Jennifer L. Alexander, Esq.
- Griffin Alexander PC, Randolph
Short term rentals, Vrbos and Air bnbs are a hot topic in the real estate industry… especially during COVID when folks wanted to get away from the cities and other crowded places for a while. There have been a few case opinions on the topic around the country, and some legislative activity here in NJ. At this brand-new program our panel will delve into the law and issues that surround short term rentals.
Topics include:
- Differences between air bnb, straight rental and hotels
Rules, regulations and legislation
- State, municipal and private laws and rules
- Issues for short term rental hosts operating in common interest developments
- Drafting short term rental agreements and leases
Tax obligations of rental hosts
- Tax ID
- Collect lodging taxes from guests
- File lodging tax returns
- Remit taxes collected
- Mixed Personal and Rental Use “Vacation Home Rules”
Nuisance concerns
- The frustrated neighbor who doesn’t appreciate having a “hotel” next door
- Nuisance activities related to short term rental activity
- Eliminating or limiting short term rental activity of a neighbor
- Responsibility of short-term rental sites for alleged nuisances and “party house” issues
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