Legal Issues & Alternatives with Denver STR

[Patrick Farley]

I just entered into an active 2 year lease agreement (first, last, deposit in full) with a gentleman who's in the corporate housing business (business professionals, traveling nurses and insurance claimants to provide luxury housing while they are away). As the property owner I thought I did my due diligence by leasing to him and signing a sub-lease addendum, but as it turns out CCD denied his STR application, which I could now see why if he's not considered the "primary resident"

However, if it's possible, I'd like to make this work as the numbers make sense for both of us, and my lessee fully furnished the house and it would be taken care of far better than if it were standard tenants.  I could use some guidance on what my options are... if there's any way to salvage this opportunity besides exiting the lease.  

[Kevin Smith]

@Patrick Farley

If he sticks with 30 night minimum stays, it shouldn't be an issue.  I know some folks who utilize this strategy around Denver.  Unfortunately (or fortunately depending on who you ask), most municipalities around Denver have the primary residence rule.  The exceptions would be Arvada, Wheat Ridge, Centennial, and Unincorporated Adams County.