Local Issues
Short Term Rental Ordinance Hits NPUs
October 9, 2020
An ordinance to ban short-term rentals (STRs) in essentially all residential neighborhoods in the City of Atlanta is being discussed and REALTORS® have a chance to be heard.
Council member Howard Shook introduced an ordinance to prohibit STRs in residential neighborhoods in the city. Because this falls under a zoning regulation, all Neighborhood Planning Units, NPUs, have to review the ordinance. These discussions will be held during the months of October and November.
Councilman Shook’s legislation is unnecessary and could be harmful to the real estate industry. What he does not realize is that tools like sales leasebacks that are common in real estate transactions would be banned. His goal of stopping wild parties can be accomplished by enforcing the codes that are currently on the books. For our members that live in the City of Atlanta, we are asking you visit your next NPU meeting to voice your opposition to this measure as written. To see your NPUs schedule and agenda click here.
Key Points:
- Noise and other disturbance violations can be enforced through current city code.
- Sales leasebacks, a frequent real estate tool, would be banned.
- STR platforms are working to prohibit “party houses” on their platforms.
If you have any questions, contact Governmental Affairs Director Aaron Johnson at (404) 732-0631.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.