- Allows owner-occupants to list their own unit, a part of their unit or an adjacent whole unit in their building as a short-term rental for 365 days per year
- Prohibits ownership or operation of short-term rental units by outside investors
- Creates a public registry of short-term rentals
- Completely exempts lodging houses, bed and breakfasts and certain corporate housing with established contracts with educational, medical or other institutions from regulation as a short-term rental. “Executive suites,” addressed in the zoning code, also function outside of the short-term rental regulation.
- While in session, the Council also voted to adopt amendments which would improve data collection and allow investor-owner units a brief grace period to fulfill existing leases as their business model is phased out.
“Thank you to Mayor Walsh and my colleagues for diligent work on the short-term rental ordinance. This legislation balances the rights of homeowners to earn supplemental income with protections for housing stock under pressure from the investor-owned segment of the short-term rental industry,” said Councilor Lydia Edwards. “By preventing loss of traditional rental units to short-term rentals, the ordinance will supplement citywide efforts to preserve housing units and increase housing stock through new construction.”
“The ordinance also enables a fair playing field for a diverse hospitality industry,” added Councilor Edwards. “Visitors to Boston will retain numerous options, including short-term rentals, traditional hotels, lodging houses, bed and breakfasts, executive suites and corporate furnished housing.”
Councilor Edwards is committed to reviewing the success and challenges of implementing the short-term rental ordinance and revisiting the issue as necessary in the future.