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Peoria City Council to consider new ordinance regarding short-term rentals

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Peoria City Council will consider adopting a new ordinance regarding short-term rentals, Oct. 11.

This type of rental — a property rented-out by the owner for 29-days or less — has seen a meteoric rise in recent years and become a $15 billion industry in the United States with an estimated $350 million raised in Arizona tax revenue in 2020.

Such has been the case in Peoria where there are around 550 homes/rooms up for short-term rent throughout the city.

The state legislature has stepped in, creating laws regulating the industry in Arizona, and now Peoria will consider their own ordinance specific to Peoria.

The new ordinance could require a no fee one-time registration, requiring owners share a designated emergency contact to respond to complaints and emergencies “in a timely manner.”

Property owners also could be required to notify properties adjacent to, directly and diagonally behind and across the street for single-family residential and those on the same floor of a multifamily residential building.

Previous to the regular meeting, city council will go into a private, or executive session, to consider its position and instruct its attorneys regarding contracts that are the subject of negotiations involving property in the Vistancia Commercial Core.

Executive sessions are closed to the public.

Peoria, Arizona, City Council, ordinance, Short Term Rentals, business, real estate VRBO, AirBnB

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