Nashville, TN
short term rental (STR) rules, laws, and regulations
The Rules and Regulations for STRs in Nashville are commonly misunderstood, especially by out of state investors. Here, we try to clear up the confusion. As always, if you have additional question, feel free to reach out directly.
BL2019-78: Distance Requirement for Non-Owner Occupied STRPs
UPDATED 7/7/2020: bill passed 3rd reading. Bill is now active.
BL2019-78, sponsored by Colby Sledge, adds a minimum distance requirement for any new non-owner occupied STRP permit. This bill states that "no new STRP permit shall be issued to an applicant whose location is less than one hundred feet from a religious institution, a school or its playground, a park, or a licensed day care center or its playground."
(credit: www.nastra.org)
STATUS OF REVIEW At the January 16, 2020, Planning Commission meeting, the Planning Commission asked staff for additional research regarding the proposal. The Commission specifically asked for the following:
• analysis of how many eligible properties would be affected
• where STR’s are currently allowed in relation to the uses outlined
• locations of sensitive uses
• current infractions with their relationship to those distances and focus on future eligible properties.
Owner Occupied Bill
UPDATED 2/13/2020
Original post: www.nastra.org
UPDATED 2/13/20: The substitute bill passed at Planning Commission on 2/13/20 (as written in the Planning Commission Staff Report).
The bill will return to Metro Council for a public hearing (second reading) on March 5, 2020. (Rescheduled from March 3 due to Election Day.)
For the full story and more information, visit: https://nastra.org/news/owner-occupied-bill-bl2019-79-take-action
rm20 bill update
Bill BL2019-1633 Passes on 3rd Reading
On 8/20/2019, the city passed BL2019-1633 (the RM bill). It bans any new non-owner-occupied permits in RM zones and goes into effect January 2022. Anyone w/a permit at that time can continue to renew in perpetuity, but there is no transfer of the permit allowed (an amendment was introduced by Council Members Henderson, Hagar, and Johnson that struck the transfer language from the bill). Anyone purchasing a property with RM zoning after January 2022 will not be able to get a permit. This will greatly adversely affect the value of those properties.
What this also does, in my opinion, is it increases the value of any property that has zoning that allows it to be a non-owner-occupied STR. I would expect the prices of those properties to go up simply based on simple supply and demand.
BL2019-1633 RM bill passed in Nashville Metro Council on 3rd Reading 08/20/19
615 WOODLAND ST. NASHVILLE 37206 // 615-369-3278
