Short-term rentals licensing by-law now in effect in Milton
Published July 15, 2022 at 3:36 pm
The recently approved short-term rentals licensing by-law in Milton is officially now in effect.
A short-term rental, also commonly known as home-sharing, is considered a type of accommodation where individuals rent out a residence or a portion of it for a short period of time. Usually, this time period is less than 30 days and the spaces are generally rented out through internet platforms such as AirBNB, VRBO and HomeAway.
For some time, the Town underwent a study to address challenges related to short-term rentals and explored options on ways to regulate them.
Last month, Milton Council approved a short-term rentals licensing by-law and as of today (July 15), the new regulations have taken effect.
This means that short-term rental owners in Milton will now have to obtain a license from the Town.
Additionally, as a result of an increase in the number of short-term rentals operating in Milton, the Town has implemented a licensing fee for anyone renting out their homes for 28 days or less.
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Along with paying a fee, the Town’s new short-term rental licensing by-law will require those renting out their properties to adhere to specific restrictions.
The newly implemented fees will cost new applicants $447 and those wishing to renew a whopping $315.
Along with requiring annual safety inspections and certificates of occupancy, the new restrictions will limit the number of guests to two per bedroom per accommodation and limit rentals to the principal residence for only a maximum 180 days per calendar year.
Additionally, in order to make sure the new regulations are being followed, by-law officers will be hired on a part-time basis for 18 months.
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