I heard the new Denver Airbnb regulations on NPR and I knew I needed to share some light on this matter. I have clients and friends that rent their units so I did some research and found the below article written by James Carlson to be helpful.

The 7 Things You Need to Know About Denver Airbnb Regulations

1. You must live in the place you're renting out.The primary residence restriction was the most contentious provision of the new measures. Essentially, this prohibits you from renting out a second home on Airbnb or VRBO. You can rent out a room while you're staying there or the whole house while you're traveling. You can also rent out a garage apartment or a mother-in-law suite.

2. You must pay a $25 fee.If you're going to rent out your home, you're going to need a $25 license from the city. The license must be renewed annually, and your license number must be displayed in your ad.

3. You can host even if you're a renter, BUT Yes, if you're renting an apartment or condo, and it is your primary residence, you may apply for a license. But you must show written proof of the landlord's approval.

4. You must pay Denver's lodging tax.You have to sign up for a lodging tax number and pay the 10.75 percent tax that hotels also pay.

5. You must comply by January 1, 2017. The city will implement a œsoft enforcement period up until then, largely focusing on education of residents about the new regulations. Come 2017, things get real.

6. You may be fined for non-compliance. If you're caught advertising without a license number or hosting without a license, you are subject to a fine of up to $999.

Find the complete article about the new Airbnb regulations at Colorado Free University.

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