Both define STRs similarly as, using Fort Lauderdale’s phrasing, “any unit or group of units… that is rented to transient occupants more than three (3) times in a calendar year for periods of less than thirty (30) days or one (1 ) calendar month.” Fort Lauderdale’s ordinance adds to this definition, though, any property that “is advertised or held out to the public as a place regularly rented to transient occupants. Thanks to this statewide flexibility, the definition of a short term rental can vary somewhat by jurisdiction.įor the sake of illustration, let’s compare the definitions of a short term rental between the cities of Miami and Fort Lauderdale. The first is that these ordinances are written in such a way that individual counties and cities are afforded significant leeway in setting their own rules and regulations for STRs. These definitions themselves are indicative of some important general points when considering the short term rental market in Florida. In terms of what types of properties can be rented, Florida statute 509.242(1)(c), defines a vacation rental as “any group of units in a condominium, cooperative, or time share plan or any individually or collectively owned single-family, two-family, or four-family house or dwelling unit that is also a transient public lodging establishment.” When we put these two elements together, we get “short term vacation rental”, which, for this book, will be what we mean when we refer to STRs. Let’s extend that definition a little further for clarity. Let’s start with the basics: what would be considered a “short term rental” (or STR) in the state of Florida? In that state, any individual lease agreement that is less than six months in duration is considered a short term rental. What is Considered a “Short Term Rental” in Florida? We’ll walk through everything from tax implications to capacity limits, and we’ll provide in-depth insights for some of the Sunshine State’s most popular locales so that you can rest assured that you’ve covered your short term rental business bases.
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This guide is designed to help with this aspect: in the following paragraphs, you’ll learn all about how to successfully operate short term rentals in the state of Florida. VisitFLORIDA logged more than 120 million international visitors to Florida in 2021 alone.īefore you start, though, you must be aware of the potential laws and regulations that might impact how you manage your property or run your business.
This is particularly the case in a state like Florida, where major tourist attractions and spectacular beaches draw record crowds each year. Given the market is still expanding, now is a great time to get your short term rental business up and running. According to Statista, the potential market volume is slated to top $20 million by 2026. Want to aim higher? Set your sights on developing a short term rental business, which can have the potential to rake in substantial profits. Chapter 1 Airbnb & Short Term Rental Laws and Restrictions in FloridaĪre you ready to join the ever-expanding market of short term rentals? Investing in short term rental properties or transforming your space into one can be a fantastic way to make a little extra income.
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