As season approaches, thoughts often turn to rentals and how they work. This is a part-time, seasonal, rental and tourist town, and rentals are a way of life. But there are rules that need to be followed. Although there will be exceptions to these rules, for the vast majority of the property in Sarasota, these rules apply.
Residential homes in Sarasota County have one month minimum rental policies as per the county. The exception to that rule is that residential homes within city limits, including North Siesta, Lido Key, downtown Sarasota, are allowed eight day minimum rentals. Individual subdivisions, especially those with deed restrictions, often impose more strict rules, usually four month minimum rentals.
All rentals for a period of less than six months are subject to an 11% tax.
Condominiums each have their own association, and as such will each have their own rules for rental. Condominiums on Siesta Key generally have the most lenient rental policies, with many properties having on site rental offices and allowing three day minimum rentals. Many condo complexes allow for one week minimum rentals.
The policies tend to get more stringent as we move up in price range, with the more exclusive condominiums requiring one or two month minimum rentals. Lido Key condos have one month policies as a minimum, some more. Condominiums on Golden Gate Point and downtown often have three month to one year minimum policies to protect full time residents from too much hustle and bustle, while mainland condominiums usually will not allow rentals for a period of less than three months.