The Green Sheet 2/11/2022

The Green Sheet | Friday, February 11, 2022

Weekly Headlines

Virtual Tax Reductions Strategy Seminar: March 4th, 10am via Zoom

Tax Reduction Strategies for the Real Estate Professional-Remote hosted by Kelly Clark of Bradford Tax Solutions, is specifically designed for the Real Estate Agent as a businessperson. This training provides Real Estate Professionals with specific key strategies that will save you time, money, and help you work with your tax professionals more efficiently and effectively. By understanding your options throughout the year and having the correct supporting documentation, you will have the necessary tools to solidify your optimized benefits when you meet with your tax professionals. The information Bradford provides arms you with the best business practices regarding the tax-side of your business.

March 4th, 10am | Register now

Newly adopted definition and provisions for Short Term Rentals: Town of Greenwich

At the January 20th Planning & Zoning meeting, the application for a Zoning Text Amendment to the Town of Greenwich Building Zone Regulations to define and regulate short term rentals was approved. Short Term Rentals now defined in Municipal Code as the following:

Section 6-5(43.4) Short-term Residential Rental- The temporary rental of part or all of a residential dwelling for fewer than thirty consecutive nights at a time.

(3) Short-term Residential Rental subject to the following:

A. A Short-term rental shall be permitted only in those portions of a structure covered by a Certificate of Occupancy for a dwelling unit.

B. All rooms rented for the purpose of sleeping must have emergency escape and rescue openings in conformance with the Connecticut State Building Code.

C. The Short-term rental shall only be used for lodging-type uses. Nonlodging uses, including, but not limited to, parties, receptions, weddings, filming, photo shoots, corporate retreats and fundraisers, is prohibited.

D. Short-term Residential Rental is considered separate and apart from a rooming house (Section 6-5(43)) or a boarding house (Section 6-5(4)) and both are not permitted on a given property at the same time.

E. Short-term Residential Rental of accessory units (Section 6- 99) or of Below Market Rate Dwelling Units (6-110(b)(5)) is prohibited.

GMLS & RETS Subscription Renewals Due by February 15th

The GMLS Subscription and RETS renewal orders for January through June 2022 are available in your account online. Invoices have also been emailed. If you anticipate any issues with making an on-time payment, please reach out to the GMLS Team to discuss payment plan options PRIOR to February 15th . If you do not plan to renew your GMLS Electronic Subscription, please notify us in writing via info@greenwichrealtors.com PRIOR to February 15th.