VAR’s Laura Farley addresses the regulatory landscape of short term rentals in Virginia, including:
- The exclusion from the Virginia Residential Landlord Tenant Act for tenants renting property that is not their primary residence.
- Using web based platforms to advertise short term rentals, including licensure requirements and required disclosures.
- Discuss with your client any money that may be held by a third party (besides yourself).
- Unlicensed individuals, except current tenants residing in the property, cannot be paid referral fees.