You guessed it, it’s time for another world renown blog post from your favorite Realtor and local hotty. I'm here to talk about the new short term rental rules in Nova Scotia. But instead of giving you a dry and boring rundown of the regulations, I'm going to try to make you laugh with my witty commentary.So buckle up!
First of all, if you're planning to rent out your home in Nova Scotia for short-term stays, you better read up on the new rules. The government is cracking down on Airbnb and other short-term rental platforms, and you don't want to get caught breaking the law. Unless you want to face hefty fines, of course. But who doesn't love paying extra money for no reason, right? The Government is going to be putting the new short-term rental rules in to place starting on September 1st, 2023.
So, what are some of the new rules you need to follow? Well, for starters, you can only rent out your primary residence. Sorry, folks, but you can't just buy up a bunch of properties and turn them into vacation rentals anymore. It's time to pick a favorite child, kick them out of their room, and start renting it out to strangers. Just kidding, please don't do that. But seriously, you better hope your spouse or partner doesn't mind having strangers in your house every other week.
These new rules can be summed up in one little word. “Zoning”. If you are in a residential zoned area, this would have to become your new reality. I mean your backyard suites or in-law suites won’t be affected at all.As long as you are living on said property! Another little tip is to check to see if you are currently zoned for commercial use as well. This would mean your rental is good to go (you can keep it).
Oh, and if you're planning to rent out your place for more than 30 days a year, you need to get a permit from the government. Because apparently, the government wants to make sure you're not secretly running a hotel out of your home. Because that's totally what every person who rents out their spare room is doing, right? Sure, let's go with that.
But wait, there's more! You also need to pay a special tax on your short-term rental income. Because, you know, the government needs to get a piece of that sweet, sweet Airbnb money. It's not like they have enough taxes already. Nope, let's add another one to the pile. But hey, at least you get to help fund the government's next golfing trip or whatever they spend your tax dollars on.
In conclusion, if you're planning to rent out your home in Nova Scotia for short-term stays, make sure you follow the new rules. Or else you might end up paying more money than you bargained for. But hey, at least you'll have some interesting stories to tell your friends and family about the strangers who stayed in your spare room. And who knows, maybe you'll even make some new friends. Just don't forget to hide your valuables before they arrive. Good luck, and happy renting!