Short-Term (Vacation) Rentals and Community
Associations
© Community Associations Institute (CAI). All Rights Reserved | www.caionline.org
© Community Associations Institute (CAI). All Rights Reserved | www.caionline.org
Major Issues .............................................................................................................................................................
Community Association Housing Model ................................................................................................................... 1
Short-Term (Vacation) Rental Platforms & Community Associations ......................................................... 1
Common Ground ................................................................................................................................................................. 1
Controversy of Short-term Rentals: Protecting Neighbors and the Integrity of the Community
Association Housing Model ............................................................................................................................................ 2
Short-Term Rentals in Community Associations and Its Impact on Mortgage Finance ........................ 3
Property Rights .................................................................................................................................................................... 4
Constitutionally Protected Property Rights ............................................................................................................ 4
Other Limits on Property Rights .................................................................................................................................. 5
Partnership Programs for Associations and Vacation Rental Companies ........................................ 6
Legislative Trends ................................................................................................................................................. 6
Court Cases ............................................................................................................................................................... 7
Model Language: Excerpts from Municipal Code of Chicago .................................................................. 8
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Short-Term Rentals in Community Associations and Its Impact on Mortgage
Finance
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Partnership Programs for Associations and Vacation
Rental Companies
© Community Associations Institute (CAI). All Rights Reserved | www.caionline.org | Page 7
Court Cases
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