Lender Report Overview

This guide provides an overview of how to read and interpret the Property Guard reports.

🧩 Report Structure Overview

The report is organized by jurisdiction level, starting from most local to broadest:

City / Municipality
County
State
Other applicable districts (e.g.HOA overlays)

Applicable jurisdiction: This section answers the high level questions to start your STR inquiry.

STR Allowed (Yes / No): Whether STRs are allowed at each jurisdiction
Permit Required: Whether a license is required at each jurisdiction
Has Permit (Yes / No): Whether a license has been acquired for the required jurisdictions

In this example, the county of Orange does not allow for STR and the individual has not acquired the necessary state level permits

Additional STR Restrictions: Jurisdictions often have additional STR restrictions that may impact the operations of the property. If these laws are in place on the report, you will see "Yes (see entity notes)" appear next to the applicable law. More detailed notes will then appear in the Entity Notes Section.

🏠 Is Owner Occupancy Required
- What it means:
  Some jurisdictions only allow STRs if the property is the owner’s primary residence, or if the owner is physically present during the rental.
  Example: A city might permit STRs only for “hosted stays,” meaning the owner must live on-site.
📅 Limit on number or length of Stays
- What it means:
  Local laws may cap how many nights per year a property can be rented, or set a minimum or maximum stay length per booking.
  Example: Max 90 rental nights/year.
🪪 Entity Limits on Permits per Owner
- What it means:
  An individual or legal entity (like an LLC) may only hold a limited number of STR permits, regardless of how many properties they own.
  Example: A city might allow only 1 permit per person or company.
🔢 Entity Limits on Number of Permits
- What it means:
  Some jurisdictions impose a total cap on the number of STR licenses that can be issued within city limits or a specific zone.
  Example: A town might allow only 250 STR permits total, with a waitlist if that number is reached.
🤝 License Transferability to other Parties
- What it means:
  This defines whether a STR license can be transferred or sold to a new property owner, or if a new license must be obtained.
  Example:
  - Non-transferable: New owner must apply from scratch.
  - Transferable: License can move with the sale, possibly with approval.
📌 Are there Zoning Restrictions
- What it means:
  Zoning laws may prohibit or limit STRs in certain districts, such as residential-only zones. STR use may only be allowed in commercial, mixed-use, or specific overlay areas.
  Example: STRs may be banned in R-1 zones (single-family residential).