#breckenridge #colorado #realestate
The Breckenridge town council passed the short term rental cap last night by a vote of 7-0. I was sure it was going to pass, but had a slight hope that it might not.
The regulations were passed through two ordinances. The first will create the mapped areas and the rules for rentals that correlate with the zones, including the tourism overlay district. Specifically, it will outline four areas that the council has discussed for the past several months: the tourism overlay, resort properties (formerly known as “exempt” properties), the downtown core and other areas such as residential neighborhoods. If the council had voted this down, the 2,200-license cap established in 2021 would still be in effect, but there would be no zones.
The second ordinance is more generally applicable to all categories of business and occupational licensees, including short-term rental licenses. An accommodation unit licensee must not only apply for and receive a business and occupational license, but they also must pay the associated tax. In addition, an accommodation unit licensee must further comply with the new regulations.
Currently, there are 79 units on the waitlist to receive a short-term rental license. In November, council passed a regulatory fee of $400 per studio/bedroom per year for short-term rentals in 2022. Next year, the fee is expected to be raised to $756.
