City council votes to phase out some short-term rentals
NASHVILLE, Tenn. (AP) — The city council of Tennessee’s capital has voted to phase out non-owner-occupied short-terms rentals in residential neighborhoods.
The Tennessean reports the Nashville Metro Council’s Tuesday vote will roll back those permits over the next three years, to be completed by June 28, 2020.
The policy change primarily applies to traditional single-family homes and duplexes. The 25-5 vote is the city’s most aggressive step to curb the growth of hotel alternatives despite increased lobbying from Airbnb, HomeAway and similar companies.
The vote will not impact owner-occupied short-term rentals or non-owner-occupied short-term rentals that are in multi-family high-rises or in areas zoned for commercial use.
An industry-backed bill to overturn the ban has already been drafted by the Tennessee state legislature and approved by the House. It now just needs Senate approval.
Information from: The Tennessean, http://www.tennessean.com