Back in February, the Commissioner’s Board opened up for public discussion the idea of implementing a Ventnor Short-Term Rental restriction. They heard more public opinions in a meeting in March and then decided to table the idea for the moment. Well, we have another update for you. This summer, the Commissioner’s Board decided to try a “beta test” to see how the plan would work.
Ventnor Short-Term Rental Beta Test
The trial run of these new short-term rental restrictions went into effect as of June 8th, 2023. Two-bedroom rentals must be rented out for a minimum of two nights. Three-bedroom (or more) rentals must rent out for a minimum of three nights. Single-bedroom and studio rentals only need a one-night minimum requirement. License fees for a single or studio rental cost $500 per year. Two-bedroom license fees cost $750 per year. The three-bedroom (or more) license fees cost $1000 per year.
Renters must be at least 21 years old. City noise, trash, and parking ordinances must be adhered to as well. Any violation of these requirements may result in a hefty fine as well as the homeowner losing their mercantile license. Also, homeowners must post the occupancy limit of their dwelling pursuant to an inspection by the Ventnor Code Enforcement Department. Non-resident Ventnor homeowners must obtain the services of a local authorized agent to act on their behalf in case of an emergency. This agent must be available for contact at any time.
Commissioner’s Board to Review Beta Test Results
At the end of the busy summer season, the Commissioner’s Board will reconvene to review the beta test. At that time, they will evaluate the successes and/or failures of the beta test. They also plan on considering implementing minimum stay requirements of five days for four-bedroom and above units as well as a possible increase in license fees for those units. Additionally, they plan on discussing adding cameras and sound equipment requirements to each rental unit.
Sherri Lilienfeld, Apex Prime Realty, Your Source for Jersey Shore Real Estate