Rhode Island 5505 bill

[Morag28]

Does anyone understand what the vote of the rental property 5505 bill means for us as Rhode Island hosts?

do we now need to register our property with the state and will the property be inspected to comply with building regulations. there has been lots of scare mongering on other platforms about this eg installing compulsory fire sprinklers

[Thomas2525]

Yes exactly. Typical Rhode Island, seems like they are botching the roll out.  As of last summer, the Dept Of Business Regulation’s was highly concerned about the efficacy and possibility of rolling out such a system https://www.rilegislature.gov/Special/comdoc/House%20Corporations/06-28-2021--H5505--%20DBR.pdf I am trying to do research now, given that the deadline is apparently June 1 of this year, with large fines to take place of registration does not happen

[Thomas2525]

https://legiscan.com/RI/text/H5505/id/2421233/Rhode_Island-2021-H5505-Comm_Sub.pdf

[Thomas2525]

They haven’t figured it

out yet, so may be a few more

months….  https://www.rirealtors.org/news/2022/01/20/news/new-registration-requirement-for-short-term-rentals/...