LAS VEGAS CRACKS DOWN ON SHORT TERM RENTALS
Posted on 06/22/2017 | About Las Vegas, Nevada
Las Vegas property owners interested in renting out their properties for brief periods will have to comply with new rules meant to crack down on a booming short-term rental industry. The requirements passed Wednesday include proof of liability insurance for US $500,000 and placement of letter-size placards outside the properties with contact information and maximum allowed occupancy.
They come as complaints over raucous parties at short-term rentals have mounted over the years.
Figures released in February by the home-sharing service Airbnb show people in Las Vegas who listed their homes through the company hosted more than a quarter of a million people last year and earned US $35.5 million.
The new regulations also call for additional parking spots for some properties.