Proposed DC bill seeks tighter regulations for home-sharing services

Home-sharing services like Airbnb could face stricter limits on rental terms under a bill put before Washington, D.C.’s city council last week, according to WAMU. Under the proposed rule, residents who use home-sharing services to let out their space will be required to obtain a business license for short-term rentals. Additionally, it would limit users to renting out a single unit such as a room or entire house, and requires the resident to also live on-site, with some exceptions for vacation rentals. Fines from $1,000 to $7,000 for hosts and guests are proposed for violating the rule. Half of those proceeds would be used to fund affordable housing in the city. Dive Insight: The move by D.C. officials comes amid a flurry of similar measures worldwide to crackdown on short-term rentals, which are often unregulated and face resistance from both the licensed single-family re...

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