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Archive for the ‘condos and homes’ Category

Las Vegas Buyers buying condo or home to rent out daily. “Vacation Rentals” Banned in Clark County. Special Use Permit

Monday, April 11th, 2016

Great information for buyers who want to buy a condo or home they can rent
out daily. They see the ‘vacation rentals’…’short term rentals’….’high
daily rental rates’ home and condo owners are getting on vacation rental
websites, like ‘AIRNB’, who are promoting owners to rent out their places
like hotels.
The general public does not know ‘less than 30 day rentals’ are illegal and
banned in many areas in Clark County. In the City of Las Vegas a business
license and ‘Special Use Permit’ is needed, allowing ‘short term rentals’
only in certain areas. Plus, NO HOA allows this. The fines from the HOA’S
are huge. There is a ‘City FEE’ of $500.00 per rental, that needs to be paid
to the ‘City’ each time there is a new ‘short term renter’, with a lease
copy and special form to approve the rental, signed by a city official,
before renting to the new renter.

Violation Fines are from $100.00 to $1000.00 a day apply and jail time. The
HOA has their own violation HIGH fee’s too. This get rich quick, pay off the
mortgage fast idea can really switch badly on any owner.

This is happening nationwide. Check each County and City, before you buy a
place with a ‘short term rental’ intent.

Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent

Cell:  702.321.9383

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