Last month, I reported on the Mountain Migration report with a shift in mountain town demographics and the effect it is having on local communities. I also recently published a blog post and video discussing the Breckenridge Town Council’s move to restrict the number of short term rental licenses it will make available to property owners.

Well, things have changed pretty dramatically in one month. In fact, on September 14, Breckenridge Town Council held a first reading of their newly drafted regulations and a second reading will occur on Sep 28, 2021. Despite over 4 hours of testimony, most against the cap on short term rentals, the Breckenridge Town Council passed their regulation. These regulations will take effect November 2, 2021. More details can be found in this article from August 25 in the Summit Daily News. And this one from September 15.

The Town of Breckenridge also released its own statement which can be found here. The packet that contains the new regulation can be found here. The Town Council cites trying to find “balance” between tourism and the local community. Many property owners are fighting to keep their property rights whole.

On September 14, the Summit County Board of Commissioners decided to institute a moratorium on the issuance of any additional short term rental licenses for 12 weeks to take a “pause” from the influx of applications they have been receiving and to come up with a plan to move forward. This group governs all unincorporated areas in Summit County. The commissioners have stated repeatedly that they will NOT restrict the number or issuance of short term rental permits at Copper Mountain and Keystone resorts and the moratorium will not apply to those areas. There will also be an appeal process for units under contract prior to Friday, September 17, 2021 to obtain a license if the buyer intends to short term rent.

The county has identified “Local Zones” where they would like to offer incentives to people to long term rent instead of short term rent. Over the next 4 weeks, the Summit County Government staff will research and provide potential solutions to the Commissioners. They are still in the data collection process so no decisions have been made. A letter from the Board of County Commissioners can be found here.

The “locals zones” identified are:

  • Dillon Valley
  • French Creek
  • Woodmoor
  • Wildernest
  • Frisco Terrace/Evergreen
  • Lake View Meadows
  • Mesa Cortina
  • Summit Cove
  • Alpine Breck
  • Quandary Village
  • Peak 7

The towns of Frisco, Dillon, Blue River and Silverthorne have no proposals on the table at this time. They could follow suit, or watch to see what happens. There is a petition circulating in Frisco where a resident is trying to get short term rentals banned in all properties except primary residences. This may end up on the November ballot.

This is an ever changing landscape, and I have two pieces of advice. If you own a property in unincorporated Summit County and think that some day you may want to short term rent it, you need to apply for a license before Friday, September 17 and before November 2 in the Town of Breckenridge. There is some work and upkeep, but it would hopefully preserve your rights into the future if you have a license in hand before these regulations take effect. Second, you can make your thoughts known to the people in charge.

To reach the Breckenridge Town Council: Mayor@townofbreckenridge.com
To Reach the Summit County Board of Commissioners: manageradmin@summitcountyco.gov

If you missed it last month, we are collecting articles and information about this topic here. We will continue to update this document as more information becomes available.

Watch my recent video below on the Short Term Rental Regulation Update for Breckenridge and Summit County, and as always feel free to contact me with any questions:

 

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