San Francisco Mayor Signs New airbnb Regulatoins

Mayor Lee Signs ‘Airbnb Law’ For Short-Term Rentals In San Francisco

From CBS San Francisco, October 27, 2014

Residents who rent their San Francisco spare room out to travelers on websites like Airbnb have reason to rejoice. On Monday, Mayor Ed Lee signed a law to track and regulate short-term rentals in a city suffering from a housing affordability crisis.

The new regulation, set to take effect February 1, only allows people to rent rooms if they are San Francisco residents living in the unit for at least nine months a year. The new law also says renters must register as hosts with the city, carry liability insurance and pay the city’s 14 percent hotel tax.