The Pasco County Commissioners have issued a notice regarding vacation rentals.
It reiterated what is permitted and what the consequences are of not adhering to the rules.
First the definition of a Vacation Rental.
"A dwelling unit that has been advertised more than three (3) times per year for periods of fewer than thirty (30) days at a time for use, occupancy, or possession by persons other than the owner, regardless of the form of ownership of the unit."
What this means is that you have the right to rent your home out 3 times a year. But you are not allowed more.
The penalty for being in violation are fines up to $500 per day and subject to an injuctive lawsuit.
Further, every rental for less than 6 months is subject to a payment of the 4% Tourist Development Tax. The homeowner must register with the Florida Department of Revenue (DOR) and file these payments monthly.
Failure to collect the taxes and pay them is a misdemeanor of the first degree.
There are homes for sale on the market now, that are being advertised as short term rentals. The valuation for these homes is likely based on the cash flow from these rentals. This is a real problem.
Short term renting more than 4 times a year is illegal. Any one that is selling a property as a short term rental...well they can sell it that way but they better disclose that you can only rent it out 3 times a year.
I have seen advertising by owners, with signs on their property, offering short term rentals. Good thing the county guys driving around, don't know the rules.
Much more to follow.
Email me for a copy of the Notice. I tried to upload it but it is a PDF.
Coldwell Banker F I Grey and Son Res 727-409-4663