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Short-Term Rental (STR) Regulations
As of September 2021, Ithaca, NY has regulations in place for short-term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Permits and Licenses: In Ithaca, property owners must obtain a short-term rental permit from the city in order to legally operate an STR. The permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
2. Occupancy Limits: There are occupancy limits for STRs in Ithaca, which vary depending on the zoning district in which the property is located. It is important for investors to be aware of these limits and ensure they are in compliance with them.
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