Minneapolis approves regulations for short-term rentals

Minneapolis will begin regulating Airbnb and other short-term vacation rentals, a move the city wanted to get done before the 2018 Super Bowl.

The Minneapolis City Council on Friday approved a pair of ordinances requiring those rental hosts to be licensed with the city. The process would allow the city to inspect properties and prohibit rentals.

Individuals looking to rent a home, condominium or apartment where they live will need to get a $46 per year license. The rental fee would be waived if the residence owner continues to stay in the home while the guest is visiting.

Airbnb issued a statement raising questions about the news rules, specifically the requirement that short-term rental platforms prohibit unlicensed hosts from listing their units online or risk losing their license.