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Short-Term Rental (STR) Regulations
In Seattle, WA, Short Term Rental (STR) regulations are governed by the city's Department of Construction and Inspections (SDCI). Here are some key regulations that an investor should be aware of before purchasing a property for STR in Seattle:
1. Licensing: All short-term rental operators in Seattle are required to obtain a Short-Term Rental Operator's License from the city. This license must be renewed annually and operators must comply with all licensing requirements.
2. Limit on number of units: In Seattle, each operator is limited to a maximum of two dwelling units for short-term rental purposes. This means that an investor cannot operate more than two properties as short-term rentals.
3. Length of stay: Short-term rentals in Seattle are limited to a maximum stay of 30 consecutive nights. This means that operators cannot rent out their properties for longer than 30 days at a time.
4. Taxes: Short-term rental operators in Seattle are required to collect and remit lodging taxes to the city. This includes the city's 7% lodging tax as well as the state's 6.5% lodging tax.
5. Zoning regulations: Investors should be aware of the zoning regulations in the specific neighborhood where they are considering purchasing a property for short-term rental. Some neighborhoods in Seattle have restrictions on short-term rentals or may require a conditional use permit.
6. Safety and health regulations: Short-term rental operators in Seattle must comply with all safety and health regulations, including building and fire codes. Operators are also required to provide guests with information on emergency procedures and contact information.
7. Noise regulations: Seattle has strict noise regulations that operators must comply with. Excessive noise complaints can result in fines or the revocation of a short-term rental license.
Overall, investors should thoroughly research and understand the Short Term Rental regulations in Seattle before purchasing a property for this purpose. It is important to ensure compliance with all regulations to avoid potential fines or legal issues.