Notice: Prohibition of Short-Term Rentals

Recently the Board conferred with legal counsel to clarify the Association's leasing policy on short term rentals, which have become increasingly prevalent with "sharing economy" services such as AirBnB.com. We would like to take this opportunity to communicate that our Bylaws prohibit all types of short term rentals, specifically including, but not limited to, AirBnB and VRBO rentals.

Per New Plaza Bylaws:
  • Only the entire unit (not a portion of it) may be rented. (Bylaws 6.8(B)(14)) This means that owners/residents may not charge someone to rent out a second bedroom, to share a one bedroom, to stay in the living room of a unit, to couch-surf, etc.
  • Rentals for periods less than one year are not permitted. (Bylaws 6.8(B)(14); House Rules 2.5) Units may not be used for timesharing or any other similar arrangement that would allow occupancy on a daily, weekly, monthly, or any other period of time other than a year. (Bylaws 6.8(B)(14)) 
In sum, owners/residents may not charge someone to rent out their unit for a weekend, for a one time event, for a week while on vacation, for 2 months while on a work trip, etc; this is the case regardless of whether or not the owner/resident is present.

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