Current through 2024 Legislative Session Act Chapter 510
Section 6201 - DefinitionsAs used in this chapter:
(1) "Accommodations intermediary" means as defined in § 2301 of this title.(2) "Rent" means the consideration received for occupancy, valued in money, whether received in money or otherwise. "Rent" does not include the following:a. Municipal taxes, if any.f. Other add-on fees not usually considered part of the rent.g. Money received from a month-to-month holdover lease.(3) "Short-term rental" means a house, duplex, multi-plex, apartment, condominium, houseboat, trailer, or other residential dwelling unit where a tourist or transient guest, for consideration, rents sleeping or living accommodations for no more than 31 consecutive nights. "Short-term rental" does not include the following: a. Hotels, motels, and tourist homes as defined under § 2301 of this title.b. Rooms, groups of rooms, or other spaces used for assembly.c. Dormitories or other residential facilities of educational or vocational institutions.d. Healthcare facilities licensed by the State.e. Campsites, cabins, or similar facilities in campgrounds.f. Overnight camps for adults or children.g. A rental arranged directly by the property owner, on a casual and isolated basis, that meets all the following qualifications: 1. The rent is substantially below market rates.2. The property is used as a rental for no more than 10 nights in aggregate per calendar year.Added by Laws 2023, ch. 474,s 2, eff. 9/30/2024.Section 7 of the enacting legislation provides that this statute is effective immediately and only applies to short-term rental agreements entered into on or after January 1, 2025.