Introduction

In Minneapolis, short-term rentals (STRs) are officially termed as such and are legal, provided that property owners obtain the necessary registration and rental licenses from the city. In 2017, regulations were implemented requiring hosts who rent out their properties to secure a registration, especially if they do not reside in the property during the rental period. These rentals are particularly popular in urban settings, such as downtown Minneapolis where both tourists and business travelers are drawn to the area's sports events, cultural attractions, and convention facilities. The demand tends to peak during significant events like the Super Bowl and the Minnesota State Fair. The local market environment caters more to tourists, but it is also a viable option for business travelers seeking convenient accommodations. The City of Minneapolis regulates these rentals through its Business Licenses and Inspections Division. For more details, you can visit the official city website at.

Length of stay

In Minneapolis, there are specific regulations governing the length of stay for short-term rentals (STRs). According to the City of Minneapolis, a short-term rental is defined as a rental of a dwelling unit for a period of less than 30 consecutive days. Key Points: 1. Maximum Length of Stay: - The maximum length of stay for any short-term rental in Minneapolis is 30 consecutive days. Rentals exceeding this duration would fall under different regulatory requirements and are not considered short-term rentals under city regulations. 2. Licensing Requirements: - To operate a short-term rental, hosts must obtain the appropriate licenses from the city and comply with all local regulations, including those related to building safety, health, and occupancy. 3. Ordinance Details: - The specific ordinances that address the regulation of short-term rentals include provisions in Title 12, Chapter 244 (Housing Maintenance Code) and Title 13, Chapter 351 (Licenses and Business Regulations) of the Minneapolis Code of Ordinances. References: - City of Minneapolis - Short-Term Rental Hosting - Minneapolis Code of Ordinances
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Disclaimer

Lodge Compliance is not a licensed tax or financial advisor. Therefore nothing in the above article should be construed as tax, legal, or financial advice. Contact your local tax office for information regarding your personal circumstance.

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