New Washington Law Regulates Short-term Rentals

A new Washington state law regulating short-term rental of real property took effect earlier this year.  The new law requires at least one million dollars of primary liability insurance to be maintained when owners rent their properties on a short-term basis as that term is defined in the statute.  Given the damage and liability issues that can arise in connection with short-term rentals, community associations should take steps to ensure that any owners who are renting their properties on a short-term basis are complying with this law.