What are Short Term Rentals (STRs)
According to the Metropolitan Code "short term rental property (STRP)" means a residential dwelling unit containing not more than four sleeping rooms that is used and/or advertised for rent for transient occupancy by guests for less than 30 days with a maximum occupancy of two individuals per sleeping room up to a maximum of 12 occupants.
Short Term Rental Properties (STRP) are simply residential homes, townhomes, condos and other housing structures that are being rented on a short-term basis to people who are unknown to the neighborhood.
There Are Three Types of STRP’s:
Type 1 – Owner-Occupied STRP is a single family, duplex, or multifamily where the owner occupies the unit or is associated with an owner-occupied principal residence.
Type 2 - Not Owner-Occupied STRP is a single family, duplex, or grandfathered multifamily triplex or quadplex in a residential zoned districts where the owner does not occupy the property or a principal residence associated with the property. We refer to these as "investor-owned STRs".
Type 3 -Not Owner-Occupied Multifamily STRPs are multifamily apartments and condominiums.
First, it must be stated the Nashville Neighborhood Alliance is against ANY COMMERCIALIZATION of residential communities. With that said, this Short term Rental Properties initiatives is probably the most intrusive and neighborhood damaging legislative initiative, ever.
In 2015, with little public awareness, the Metro Council adopted an ordinance to allow short-term rental properties in both residential and non-residential zoned districts.
This ordinance was the most intrusive commercialization into Nashville's residential neighborhoods allowed since zoning was first adopted in the 1930's.
Nashville's STR ordinance was drafted so favorably towards operators that the STR industry now holds it out model legislation.
In a little more than a year, between 3,000 and 4,000 STRs, both legal and non-legal, have sprung up in Nashville as real estate investors and homeowners have learned they can generate significantly greater income from STRs than traditional long-term rentals.
A lack of meaningful Codes enforcement, high occupant limits, and blatant disregard of the regulations by many STR operators have had a negative impact on many adjacent homeowners.
"Party houses" for bachelor and bachelorette parties have generated loud noises, late nights, trash issues, and parking problems. In effect, "mini-hotels" have developed in our residential neighborhoods.