Do You Want to Lease Your Home, No More Less Than Three Months

Short Term Rentals In Tega Cay
The Definition changes in Ordinance 77 have now changed, just the definitions. There are some unintentional consequences for the citizens of Tega Cay if the Ordinance definition changes become enforceable. I believe the City should take into account with some sense of due diligence, these consequences.
From what I could ascertain from the council meeting regarding short term rentals was the City officials, with the exception of Larry Harper, had no idea how many rental properties there are in the City, had no idea how the new tax levies will impact rental properties (nor City tax revenues for that matter with the new tax law changes), had no idea the percentage of seller possessions after closings that take place, had no concrete idea of the percentage of potential loss of business, newcomers and revenue due to the changes in short term rental language, and had no idea that its City Zoning Officer, Chris Rice, had given authorization to allow vacation and short term rentals to its citizens over two years ago. If the City wanted to prohibit weekly or vacation rentals, it could have attempted to do so while trying to gain full knowledge and understanding of all aspects of the situation, but also while thoroughly safeguarding other citizen’s private property rights in the process. As it stands now, no one in the City of Tega Cay can sell their home and lease back for a few weeks or months to its buyer while looking for another house, cannot rent to anyone less than three months. City Councilman Dervay stating at the meeting that the City had never allowed vacation rentals in its history, was a clear cut example that the City had not investigated the issues at hand for accuracy. To the contrary, it has been allowed and was. Many times, citizens are told yes, the next day no on different Ordinance issues. One day the interpretation is okay, the next it is not. What are your thoughts on being a reformer or a perpetuator of these practices in our City?
Instead of discussing potential consequences or implications, Council heard an emotional outcry from a few people who instigated the entire issue, with some information that was outright fabricated for their own agenda. Council did not receive information nor hear from other short term homeowners because most don’t live in the city, but do pay taxes. Taxes that have tripled with the new tax laws. A $335,000 assessed home that is not a primary residense has a tax bill of $7,500.00 a year. It is hard to raise rent to keep up with this amount.
Posted by Blog with EDI Real Estate at 12/7/2008 10:36 AM