In the past decade, the popularity of short-term rentals has grown at a rate that has far outpaced governmental regulation. This surge in growth is largely attributable to the popularity of online hosting platforms, which make it easy for “hosts” to rent out a home or a spare room, and for “guests” to book them. State and local governments that were not prepared for the short-term rental market as it exists today, have begun to catch up with many adopting regulations designed to “rein in” short-term rentals and address their perceived impacts on residential neighborhoods.
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