Is Airbnb legal in Albuquerque?

Airbnb Regulations in Albuquerque, New Mexico

Albuquerque has implemented several regulations to manage short-term rentals, such as those listed on Airbnb. Following the enactment of Ordinance 0-20-30 in October 2020, the Short-Term Rental Ordinance went into effect in April 2021, establishing a structured framework for hosts. Here’s a concise overview of the current regulations:

1. Permitting Requirements:

   • Hosts must obtain a valid permit for each short-term rental property, with an initial application fee of $120, and renewals costing $90 annually.

2. Occupancy Limits:

   • The ordinance limits occupancy to two adults per bedroom. Additionally, gatherings are restricted to two times the overnight occupancy or a maximum of 20 people, whichever is less.

3. Business Registration:

   • Hosts are required to obtain a business registration and a tax ID from the state prior to registering for short-term rental permits.

4. Good Neighbor Agreement:

   • Each rental must post a Good Neighbor Agreement inside the unit, which outlines city ordinances related to noise, litter, and parking, ensuring guests are informed of their responsibilities.

5. Insurance Requirements:

   • Hosts must maintain short-term rental insurance with a minimum coverage of $250,000 to protect against damages to guests, as well as any damage caused by guests to others (e.g., neighbors).

6. Transient Occupancy Tax:

   • Guests booking short-term rentals in Albuquerque incur a Lodgers' Tax of 5% along with a Hospitality Fee of 1% on their booking amounts.

These regulations are designed to support responsible hosting while addressing community concerns related to noise, safety, and neighborhood welfare. For detailed specifications and updates, hosts should refer directly to Albuquerque's official resources on short-term rentals.