Los Angeles residents who want to rent out their homes for short stays for the bulk of the year would have to get case-by-case approval from the city under a new proposal being explored by city lawmakers.
A Los Angeles City Council committee asked staffers Tuesday to come back in a month with more information on the idea, including possible fees and requirements.
For more than two years, city officials have been wrestling with how to legalize and regulate the popular practice of renting out rooms or entire homes for short stays. Planning officials say it is currently illegal in many residential areas, but those rules have rarely been enforced amid the rise of online platforms such as Airbnb that link travelers to hosts.
Airbnb and its hosts say that night-to-night rentals provide a vital way for people to make ends meet, bring tourist spending to new neighborhoods and pump more tax revenue into the city budget. Airbnb has already brokered an agreement with the city to collect and pass along lodging taxes from its hosts, providing L.A. more than $42 million last year.
Read the full story on LATimes.com.