Are you a proud owner of a vacation home in the beautiful state of Florida? Are you considering renting out your property to earn some extra income?
If yes, then you might be wondering if it’s legal to rent out your vacation home in Florida. The answer is yes, but there are certain rules and regulations that you need to follow. In this article, we will discuss everything you need to know about renting out your vacation home in Florida.
What is a Vacation Home?
A vacation home is a property that is bought by an individual or family primarily for recreational purposes such as vacations. These properties are usually located in popular tourist destinations and can be used as a second home or rented out when not in use.
Is it Legal to Rent Out My Vacation Home in Florida?
Yes, it is legal to rent out your vacation home in Florida. However, there are certain rules and regulations that you need to follow. The state of Florida has laws governing short-term rentals, which are rentals that last for less than 30 days.
If you plan on renting out your vacation home for less than 30 days at a time, then you must obtain a license from the Department of Business and Professional Regulation (DBPR). You must also register your rental property with the local government where your property is located.
What are the Requirements for Obtaining a License?
To obtain a license from DBPR, you must meet the following requirements:
- You must be at least 18 years old.
- You must have no felony convictions within the past 10 years.
- You must have no outstanding violation of any county or municipal ordinance related to housing, health or safety within the past year.
You will also need to provide proof of liability insurance coverage of at least $1 million per occurrence and $2 million in aggregate.
What are the Local Government Requirements?
In addition to obtaining a license from DBPR, you must also register your rental property with the local government where your property is located. Each county and city in Florida has its own set of rules and regulations for short-term rentals. Some of the common requirements include:
- Paying Tourist Development Taxes (TDT)
- Obtaining a Business Tax Receipt (BTR)
- Complying with local zoning laws and building codes
It’s important to check with your local government to make sure you are complying with all the rules and regulations.
Conclusion
Renting out your vacation home in Florida can be a great way to earn some extra income. However, it’s important to follow all the rules and regulations to avoid any legal issues.
Make sure you obtain a license from DBPR and register your rental property with the local government where your property is located. By doing so, you can enjoy the benefits of renting out your vacation home without any worries.