Sierra Sotheby's International Realty

News > Can I Rent Out My Incline Village Condo When I'm Not There?

If you're one of the many people who want to know the answer to this question - Can I rent out my Incline Village Condo when I'm not using it?  Read on, because the answer is "Maybe".

The definition of a short term rental, known in state statutes as "Transient Commercial Use" is one that is less than 30 days.  These kind of rentals are handled differently by state law.

Just about every condo in Incline Village is part of a homeowner's association, which has a set of CCR's (Covenants, Conditions and Restrictions).  Sometimes, this document spells out whether or not short term rentals are allowed.  The first document that should be checked is the CCR's to make sure there are no restrictions or for specific language allowing short term rentals, or rentals less than 30 days.  Does it mean if the CCRs don't restrict short term rentals that they are allowed?

No.

Some real estate agents don't realize that it's important to ask for something that actually documents the homeowner policy on short term rentals.  If the CCRs don't mention short term rentals, the HOA board can vote to restrict or allow them.   It's important to get this information in writing so you don't rely on verbal sources before you decide on a purchase of a condo you wish to rent out as a short term rental.

I've included some Incline Village Condo communities that AS OF THIS WRITING do allow short term rentals.  It's not a full list.  Contact Me if you want a condo expert help you with your vacation condo search.

 

Though not guaranteed, information and statistics in this article have been acquired from sources believed to be reliable.

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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.