Are you looking to rent out a house in New Orleans for short-term stays? If so, it's essential to be aware of the new regulations that have recently been put in place by the Short-term Rentals Administration (STR Office). As part of the Department of Security and Permits (Department), the STR Office is responsible for regulating short-term rentals (STRs) in the parish of Orleans (city). The demand for STRs has been growing, particularly from large companies who are looking to rent houses for off-site meetings, product launches, or even housing for new employees. To guarantee that STR owners are compliant with the new regulations, it's important to understand what they involve.
What are the rules and regulations for shared housing in New Orleans?
Registration Requirements
The first step for STR owners is to register with the STR Office.This can be done online or in person at the Department's office. The registration process requires applicants to provide information about their rental property, such as its address, size, and number of bedrooms. Applicants must also provide proof of ownership or a valid lease agreement.
Fees and Taxes
Once registered, STR owners must pay an annual fee of $50. In addition, they must also pay a hotel occupancy tax of 13% on all rental income.This tax must be paid quarterly to the Department.
Safety Requirements
STR owners must also ensure that their rental properties meet certain safety requirements. This includes having smoke detectors and carbon monoxide detectors installed in all bedrooms and common areas. The property must also have a fire extinguisher and an emergency evacuation plan in place.Insurance Requirements
STR owners must also obtain liability insurance coverage for their rental properties. This insurance must cover any damages caused by guests during their stay.The minimum coverage amount is $500,000.
