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Short-Term Rental (STR) Regulations
In Sarasota, FL, Short Term Rental (STR) regulations are governed by both state and local laws. Investors should be aware of the following regulations before investing in purchasing a property for short term rental in this market:
1. Licensing and Registration: Property owners must obtain a business tax receipt and a short-term rental license from the City of Sarasota in order to legally operate a short term rental property. Failure to obtain the necessary licenses can result in fines and penalties.
2. Zoning Regulations: Investors should be aware of the zoning regulations in Sarasota, as certain areas may have restrictions on short term rentals. It is important to ensure that the property is zoned for short term rental before making a purchase.
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