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Short-Term Rental (STR) Regulations
Before investing in a property in Bellevue, WA for short term rental purposes, it is important for an investor to be aware of the regulations in place for such rentals.
In Bellevue, short term rentals are regulated by the city's Land Use Code. The city defines short term rentals as rentals of residential property for periods of less than 30 consecutive days.
Some key regulations for short term rentals in Bellevue include:
1. A short term rental operator must obtain a business license from the city.
2. Short term rentals are only allowed in certain zoning districts, and may be subject to additional requirements or restrictions in certain areas.
3. The property must comply with all building and fire codes, as well as health and safety regulations.
4. Short term rental operators are required to collect and remit lodging taxes to the city.
5. Operators must maintain liability insurance coverage for the short term rental property.
It is important for investors to thoroughly research and understand the regulations for short term rentals in Bellevue before purchasing a property for this purpose. Failure to comply with the regulations could result in fines or other penalties. Additionally, investors should consider the potential impact of regulations on their ability to operate a successful short term rental business in the area.