Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Select Board approves regulation tightening to limit corporate control of Nantucket short‑term rentals
Summary
The Select Board approved an amendment to Town Regulation Chapter 3.38 to close a loophole allowing corporate-controlled short‑term rentals to operate through LLCs and S corps; the Board of Health previously approved the change and town counsel and residents asked for clarity on definitions.
The Nantucket Select Board voted to approve amendments to Town Regulations Chapter 3.38 intended to prevent corporations that operate short‑term rentals (STRs) from circumventing limits by registering properties through LLCs or S corporations.
"The amendment seeks to clarify that LLCs and S corps are only eligible for a short‑term rental certificate if all of its members, partners, shareholders or beneficiaries are natural persons, and none of whom also serve as an officer or director of a corporation, a partnership, or a real estate investment trust that is operating short‑term rentals in Nantucket,"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
