Legal Updates for Communities: Short-term Vacation Rentals

2016 has been an active year for Illinois legislative changes affecting your home, condominium, cooperative or homeowners association. One of the hot topics this year has been short-term rentals, such as Airbnb and VRBO. The Windy City is a top destination, attracting visitors worldwide who appreciate the renowned museums, admire the distinct architecture and look forward to savoring a slice of the thick, cheesy, delicious pizza. As tourism in Chicago continues to soar, short-term rentals have become an issue for many managed communities in both urban and suburban communities.

• How do the new short-term rental laws impact your community?
• What do owners need to know before renting out their homes?
• Can you prevent owners from listing their homes on short-term rental sites?
• How can your entire building or community opt out?