Loading...
Short-Term Rental (STR) Regulations
In Lakewood, CO, short term rentals (STRs) are regulated by the city's zoning code and licensing requirements. Here are some key regulations that an investor should be aware of before investing in purchasing a property for short term rental in Lakewood:
1. Zoning Restrictions: Lakewood has specific zoning regulations that dictate where short term rentals are allowed to operate. It is important for investors to check the zoning regulations for the specific property they are interested in to ensure that short term rentals are permitted in that area.
2. Licensing Requirements: In order to operate a short term rental in Lakewood, property owners must obtain a short term rental license from the city. This license must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the license.
3. Occupancy Limits: Lakewood has occupancy limits for short term rentals, which specify the maximum number of guests that are allowed to stay in a property at one time. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Safety and Health Regulations: Short term rentals in Lakewood must meet certain safety and health regulations, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
5. Taxation: Short term rentals in Lakewood are subject to lodging taxes, which must be collected and remitted to the city. Investors should be aware of these tax obligations and ensure that they are in compliance with them.
Overall, investors should thoroughly research and understand the regulations and requirements for short term rentals in Lakewood before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and even the revocation of the short term rental license.