Real Estate

New Orleans city council upends residential short-term rentals

By: Graham Williams, Attorney On Monday, August 29, 2022 the New Orleans City Council unanimously placed a moratorium on new residential short-term rentals (“STRs”) and said that all residential STR permits will expire on March 1, 2023.  In short, the Council upended the way that residential STRs were licensed. No new residential STR licenses can …

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Court Throws Out Residency Requirement for Short-Term Rentals

Many property owners in New Orleans are familiar with the City’s rule that in order to operate a short-term rental (“STR”) in a residential neighborhood, the property owner must first demonstrate to the City that they reside on the premises. This rule was created to limit the spread of STR’s in those residential neighborhoods. The …

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Home Equity Lines of Credit May Provide Additional Liquidity for Businesses and Families

The SBA has announced they are unable to accept new applications for the Paycheck Protection Program based on current funding. However, there is a large source of other potential emergency funding for businesses and families: their home equity. For the first time in several decades, and as a consequence of the financial crises of 2008, …

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New Orleans City Council’s Short Term Rentals Vote Explained

After a long debate today, the New Orleans City Council set in motion a process that will dramatically change the City of New Orleans’ short-term rentals laws. By a unanimous 7-0 vote, the Council passed a motion to establish the following changes: Homestead Exemption Requirement: In residential areas, STRs will only be allowed on properties …

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