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Fishers explores 10% long-term rental cap and permit system; Carmel HOAs weigh possible spillover
Summary
Kelly Elmore briefed Carmel HOA leaders on a proposed Fishers ordinance that would require rental registration and limit long-term rentals to 10% of units per subdivision; she said the measure includes grandfathering, a Jan. 1, 2026 effective date if enacted, and that HOAs with stricter rules would remain unaffected.
Kelly Elmore, principal and shareholder at KSN Law, told CNAN attendees that the Fishers City Council introduced an ordinance (referred to in meeting materials as Ordinance 022425a) creating a rental registration and permitting program capped at 10% of units per subdivision.
Elmore said the proposal grew from a 2022 Fishers housing study and from local concerns about corporate investors buying blocks of homes. The ordinance would require owners or managers to apply for a permit and includes grandfathering for existing…
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