What Are Short-Term Rentals?
Short-term rentals are typically properties rented out for periods of less than 30 days. With the growing popularity of platforms like Airbnb and VRBO, property owners in areas like Myrtle Beach have increasingly turned their homes into vacation rentals. These rentals are especially appealing during fall events when tourism in the region peaks.
The Role of HOAs in Short-Term Rentals
In Horry and Georgetown counties, like many other areas, HOAs play an essential role in maintaining community standards. HOAs are responsible for enforcing rules regarding property use, including whether or not short-term rentals are allowed. Some HOA communities have outright bans on short-term rentals, while others impose specific regulations such as rental duration limits or restrictions on the number of guests.Fall Events and Increased Rentals
The fall season brings numerous events to the area, from the famous Myrtle Beach Bike Week to football games at local universities. During these times, there is often a sharp increase in demand for short-term rental properties. Property owners seeking to capitalize on the influx of visitors may not always be aware of HOA regulations concerning short-term rentals. HOA boards often face increased pressure during this time, as more visitors can lead to disturbances like noise, overcrowding, and parking issues. Ensuring compliance with HOA rules while accommodating the high demand for rentals can be a delicate balance.Rights of Short-Term Rental Owners
Property owners in Horry and Georgetown counties have the right to rent out their homes as short-term rentals, provided they adhere to local zoning laws and HOA regulations. However, homeowners must be aware that an HOA may have specific rules that govern short-term rentals. These rules can include restrictions on the number of rentals allowed per year, limits on the types of properties that can be rented, or even restrictions based on how frequently a property can be rented out. If you are a short-term rental owner, it’s crucial to review your community’s HOA rules and guidelines to ensure you’re in compliance. Failing to do so could result in fines, legal actions, or even the inability to rent out your property during high-demand periods.The Rights of HOA Boards
HOA boards have the legal right to enforce their community’s rules, including those related to short-term rentals. If a homeowner is found in violation of these rules, the HOA can issue warnings, fines, or, in extreme cases, take legal action. In Horry and Georgetown counties, where tourism plays a significant role in the local economy, HOA boards must strike a balance between maintaining community standards and allowing homeowners to take advantage of the booming short-term rental market. During fall events, HOA boards may have increased responsibilities to manage the impact of short-term rentals, especially if issues like noise or parking violations become more frequent. Boards have the authority to fine homeowners or restrict their ability to rent out their properties during specific times of the year.Navigating Conflicts Between Owners and HOAs
As the demand for short-term rentals increases, conflicts between homeowners and HOA boards may arise. These conflicts can stem from misunderstandings about the scope of the HOA’s authority or the homeowner’s failure to follow rental guidelines. To avoid such conflicts, homeowners should engage in proactive communication with their HOA, particularly before listing their property for short-term rental. It is also advisable to consult with an attorney familiar with HOA regulations in Horry and Georgetown counties to ensure your short-term rental complies with all applicable laws and guidelines.Short-term rentals offer homeowners in Horry and Georgetown counties an opportunity to capitalize on the region’s booming tourism industry, particularly during the fall event season. However, property owners must ensure they follow the rules set forth by their HOA. At the same time, HOA boards must balance enforcement of these rules with the needs of homeowners looking to take advantage of the seasonal demand for rentals. If you are an HOA board member or a short-term rental owner in these counties, it’s essential to stay informed about local regulations to avoid unnecessary disputes and ensure compliance. For assistance with understanding your rights and responsibilities, contact the experienced attorneys at McCutchen Vaught Geddie & Hucks.