Both Breckenridge and Summit County have made or are making changes regarding short-term rentals. Below is a summary of what I know as of today 11/22/2021. All information is subject to change as the different jurisdictions make changes.
- Anything in town limits (with the exception of Breckenridge) has not yet experienced changes. If you buy within a town such as Dillon, Frisco, or Silverthorne you should be able to obtain a rental permit. That rental permit will likely be grandfathered in for the time of your ownership if that town does make changes.
- Breckenridge rental permits are effectively unavailable except if you’re in a specific condominium building that is exempt. I can provide you this list or set up your search to include these buildings. These buildings are required to have 24 hour security and front desk staff. Therefore, they will likely have higher HOA fees.
- Areas such as Keystone and Copper are pretty much safe from changes because the county has recognized these are resort areas.
- Unincorporated Summit County. This would be areas like Dillon Valley, Wildernest, Farmers Korner, Blue River and Summit Cove. Decisions on this will likely be made tomorrow (11/23/2021) but there will likely be different types of permits. The proposed permit types are actually not that restrictive in my opinion and they would still work for most second home owners. You can view these proposed permit types starting on page 4 here: https://www.summitcountyco.gov/AgendaCenter/ViewFile/Item/1672?fileID=6637. If you purchased in these areas, you would be interested in a type 2, 3, or 4 license. Properties eligible for type 4 license will probably be more expensive. A type 2 license for example, shouldn’t be hard to obtain and would still allow you to rent your property 120 nights per year. You could then use your property the remainder of the time and only rent those 120 nights during high revenue times of year.