Source: mynews LA.com
By Contributing Editor
A Los Angeles City Council committee will continue efforts Tuesday to craft a policy for short-term rentals and consider the latest proposal to cap the renting of a primary residence at 120 days, but also allow up to 365 days if hosts petition for more time and meet certain criteria.
The City Council and its Planning Commission have been working for several years to come up with a set of regulations for the industry, as the city does not have an ordinance regulating Airbnb, which connects travelers with hosts looking to rent out their home or a bedroom in their home, but struck a deal with the company in 2016 for it to pay hotel taxes on behalf of its hosts under a three-year agreement.
