As soon as you spot the towering symbol of the Golden Gate Bridge, you’ll know you’re in San Francisco. But, there are many more reasons why nearly a million people call it home, and why millions more travel there each year. The iconic skyline, the historic Alcatraz Island and the abundance of scenery to name a few. The region with wide short-term rental opportunities.
Although, San Francisco authorities acted to put laws in place to protect their housing supply and keep long-term rent prices affordable for their residents.
San Francisco City Attorney, Dennis Herrera, stated –
“… This agreement helps protect the city’s precious housing supply by obligating these companies to ensure that all their listings are legal and properly registered. This is a game changer. The settlement will also make it easier for residents who follow the rules to supplement their income by renting out a spare room or their home while on vacation…”
Therefore, if you want your listing to remain on Airbnb, you’ll need to brush up on the laws…
What are the requirements to meet the regulations?
The first thing you’ll need to do is to obtain a business license and register your listing with the Office of Short-Term Rentals. Once you’ve done that, you’ll be provided with a Short-Term Residential Rental Certificate, and you’ll need to display that number on your listing.
Airbnb is required to send the Office of Short-Term Rentals with a monthly report of all San Francisco listings, with information showing if a unit is legitimately registered. If the system flags a listing for not being registered, Airbnb will then have to deactivate that listing and remove it from their platform.
In order to secure a business license and to register your listing, you’ll need to meet a certain set of criteria…
- Primary Residency Requirement: Basically, the property you advertise must be your primary residence, meaning you must live there for at least 275 days of the year. Essentially, you can rent out rooms as much as you want while you’re living there, but there’s a cap of 90 days while you’re away from the property.
- Rent Control: If you live in a property which falls under rent control, you’ll only be able to charge guests a maximum amount for their stay depending on the rent limit for your area.
- Liability Insurance: San Francisco law states that a host must have at least $500,000 of liability insurance at all times. However, if you operate solely through Airbnb, the Host Protection Insurance Program will cover it.
- Building and Housing Standards: Health and safety are hugely important, and there are standards for construction, design, and maintenance which must be maintained. Moreover, if the property is under City enforcement action for habitability issues, it cannot be utilized as a short-term rental.