Late Breaking News Ducey Sign SB1350 Approving Short Term Rentals

Dated: 05/16/2016

Views: 1781

Breaking News * Breaking News * Breaking News *GOVERNOR DUCEY SIGNS LAW APPROVING VACATION RENTALS IN ARIZONA Keeping true to his goal for Arizona to become to the sharing economy of what "Texas is to oil and what Silicon Valley used to be to the tech industry," Governor Ducey signed SB1350 paving the way for vacation rentals in Arizona. Prior to SB1350, cities such as Scottsdale, Phoenix, and Sedona opposed residential rentals for less than thirty days.Now state law prevents cities and counties from banning short-term rentals and establishes uniform tax laws for vacation rentals.Click here, to review an overview of the new law in Arizona. This new law protecting vacation rentals in Arizona is the first of its kind in the nation. Airbnb and VRBO are now lobbying across the country for similar laws in other states. Although SB1350 prevents cities and counties from restricting vacation rentals, in limited situations HOAs may restrict short term rentals pursuant to CC&Rs.

Let's face it, the stock market is a scary place to have your money right now and investors are buying real estate and other tangible assets...it's a great time to buy Arizona real estate in the valleys hottest destination cities like Scottsdale and Phoenix. 

Contact Andrew Texidor of Solutions Real Estate for more information or to schedule viewings!  

Andrew Texidor  AZ License SAA524400000

Solutions Real Estate 

602-909-9414

http://www.HeroesHomeSolutions.com

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