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STR Permit

A local license required to legally operate a short-term rental. Requirements, fees, and renewal terms vary widely by city and county. Some jurisdictions cap or ban STRs entirely.

An STR permit is the local government’s permission to rent a property short-term. Listing on a platform does not make you compliant: the platform does not verify or guarantee that you hold the permit your city requires, and enforcement and fines fall on the host, not the platform.

Permit fees usually recur every year, not just at setup, and the amount swings from modest to steep depending on the jurisdiction. Some cities cap the number of permits, restrict them to owner-occupied homes, or ban STRs entirely, so confirm availability before you buy or furnish.

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Related terms: Short-Term Rental (STR) , Occupancy Tax (Transient Occupancy Tax) , Business License

Last updated . Part of the FinExplained finance glossary .