To kick off our 'Ask a Question' feature, below is a question asked by a client who is interested in building a Maui luxury home to use as a short term rental property.
Question: I would like to purchase a vacant lot in Maui Meadows and build a home for vacation rentals. Is that allowed? And if so, when I sell the house, is the permit transferable to the new owner? Is there a value added for having the permit?
Answer: Great question(s). First, to give some background, The Short-Term Rental Home Ordinance 3941 became effective in May 2012, which in essence allows for single-family homes to apply to legally operate as vacation rentals. The ordinance effectively allocated a number of permits per district, which are as follows: