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Short-Term Rental (STR) Regulations
In Monterey, CA, short term rentals (STRs) are regulated by the city's zoning code and the city's Short Term Rental Ordinance. Here are some key regulations that an investor should be aware of before investing in purchasing a property for short term rental in Monterey:
1. Permit Requirement: All STRs in Monterey are required to obtain a permit from the city before operating. The permit application process includes submitting an application, paying a fee, and meeting certain requirements such as having liability insurance and complying with building and safety codes.
2. Occupancy Limits: The city of Monterey has strict occupancy limits for STRs, which vary depending on the size of the property. It is important for investors to be aware of these limits and ensure that they are not exceeded.
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