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Short-Term Rental (STR) Regulations
In Eugene, Oregon, Short Term Rentals (STRs) are regulated by the city's Land Use Code. Here are some key regulations that an investor should be aware of before purchasing a property for STR use in Eugene:
1. Zoning: STRs are only allowed in certain zones in Eugene. Investors should check the city's zoning map to ensure that the property they are considering purchasing is located in a zone that permits STRs.
2. Licensing: All STRs in Eugene must be licensed with the city. This includes paying an annual fee and meeting certain requirements, such as having a designated local contact person for guests.
3. Occupancy limits: There are occupancy limits for STRs in Eugene, which vary depending on the size of the property. Investors should be aware of these limits and ensure that their property complies with them.
4. Noise regulations: Eugene has noise regulations that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their property is in compliance.
5. Parking requirements: STRs in Eugene must provide a certain number of off-street parking spaces for guests. Investors should ensure that their property meets these requirements.
6. Safety regulations: STRs in Eugene must meet certain safety requirements, such as having working smoke detectors and fire extinguishers. Investors should ensure that their property is up to code in terms of safety.
7. Taxation: STRs in Eugene are subject to transient room taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and factor them into their financial planning.
Overall, investors considering purchasing a property for STR use in Eugene should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.