East Hampton Town has launched a HOT POTATO this year with the adoption of a Rental Registry Law. After considerable debate – mostly objections—the law was passed. Clearly, all residents wish to maintain the quality of life that we hold so dear.
Furthermore, existing laws such as the group laws seemed to address many of the concerns. The catalyst seemed to be the sudden and instant influx of short term rentals… or simply excessive use of residences.
Homeowners, for the most part, are not using their homes like hotels but admittedly, there is evidence of abuse. Many resort towns are experiencing similar tenant activity. Some have attributed this to online rental sites, some the economy.
In the Hamptons, the lack of hotels and short term rentals contribute to the problem. Just as UBER has forever changed rides around the world, so has VRBO & HomeAway changed how tenants experience vacation rentals. The problem, for lack of a better term, is larger than us.
Worthy of a full discussion… Weigh in your thoughts.