The Pacific Grove City Council voted unanimously this week to modify a 12-year old restriction on rentals for less than 30 days. The modification would permit rentals of residential property with registration, licenses, and payment of transient occupancy tax. This move will not only legitimize activity that has been going on in the City, but will bring in some much-needed cash flow to this town.
After twelve years of short-term rentals occurring throughout the city, despite an ordinance against such rentals, the City of Pacific Grove decided to take a different approach. The City’s current ordinance, enacted by the City Council in 1997, disallows rentals of single-family residences for less than 30 days. The City has now taken the position that these rentals should be licensed, inspected and taxed. The City missed out on over a million dollars in revenue that could have been generated since the original ordinance was passed.
The advent of legalization of rentals less than 30 days is reportedly joyous news to visitors, property managers, owners of second homes in PG, and PG business persons, all of whom will benefit from having visitors to the area.
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