Abstract: Short-term rental has become extremely popular in recent years. It is important to distinguish the functioning of the two main real estate markets: the investment market, which includes the transfer of property rights and ownership-like rights, and the rental market, relating to the conclusion of contracts specifying mutual rights and obligations related to the ownership of a real estate. Booking or Airbnb websites, used to book accommodation, after selecting the basic search parameters allow you to find not only hotels and guesthouses, but also private apartments in competitive locations. This note argues that cities should adopt an enforceable ordinance that addresses health and safety, zoning, licensing and taxation by drawing on ideas already implemented in other cities.
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