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Short-Term Rental (STR) Regulations
In Iowa City, IA, Short Term Rentals (STRs) are subject to regulations that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Zoning regulations: Iowa City has specific zoning regulations that govern where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing requirements: Iowa City requires all STR operators to obtain a license in order to legally operate their rental property. This license must be renewed annually and may require the operator to meet certain criteria, such as having insurance coverage and complying with building and safety codes.
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