Short-term rental rules passed the Planning and Land Use Management committee (PLUM) this week. All will return for review before going to City Council for vote.
Here are highlights:
Primiary residences qualify for short-term rentals but for only 120 days per year. An extension could occur but extension qualifications is not clear. Cost of extensions are not stated but they could run from $1000 to $5660.
Carl Lambert at Venice won a battle recently that stated an apartment can be rented for less than 30 days. So apartments can be used for short-term rentals. New law would prohibit rent stabilized units and apartments with affordable housing covenants from being rentals.
Enforcement would be a fine of $500 per day for advertising an illegal rental. Platform advertising such unit would be fined $1000 daily for an illegal listing or for refusing to hand over addresses of unregistered rentals.
http://enewspaper.latimes.com/infinity/article_share.aspx?guid=a36a5e0e-c8a0-4830-ac0c-8877e2737aaf
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