Anyone renting their Vail property, or seeking to rent a property in Vail, for less than a consecutive 30-day period should be aware of the town’s requirements for short-term rentals. These requirements apply regardless of how the properties are marketed – through a management company, online such as Vacation Rentals by Owner (vrbo.com) and Airbnb (airbnb.com) newspaper or word of mouth. They also apply even if the property is offered for only a limited period such as during the 2015 FIS Alpine World Ski Championships.
First, there are no land use regulations or additional/increased building code requirements affecting short-term rentals of individual properties in Vail. The town does not monitor or rate properties for quality of amenities or guest service levels. A business license is not required for persons who rent no more than two individual units or no more than two bedrooms in a bed and breakfast establishment. A conditional use permit must be obtained from Community Development to operate a bed and breakfast. Individual homeowner associations, however, may have additional requirements related to short-term rentals.
Second, there are requirements to obtain a sales tax license and to pay sales and lodging taxes on all short-term rental revenue. The Town of Vail sales tax rate is 4 percent; state and county sales taxes total 4.4 percent; and the Vail Local Marketing District lodging tax is 1.4 percent. Sales tax licenses are free and can be obtained from the town’s sales tax and business license division.
Additional information is available online or by calling Sally Lorton
at 479-2125 or Gary Hartley