The city of Cleveland is introducing new laws to regulate short-term rentals such as AirBnb and VRBO, in response to rising complaints from residents about noise, parties, and parking issues. The proposed legislation includes a licensing process with an application fee and annual renewal, a 15% density cap, and a requirement for a local contact during occupancy. If approved, the city would be able to fine unlicensed operators up to $5,000. Read more about the proposed legislation here.