Condominium Hotel Operator

Exam

No exam

Education

None

Experience

Not reported

Background check

None

DESCRIPTION OF OCCUPATION: A Condominium Hotel Operator is any sole proprietor, corporation, partnership, limited liability company (LLC) or limited liability partnership (LLP) which provides transient lodging for periods of less than 30 days in a condominium project. REQUIREMENTS FOR LICENSING: Professional requirements: 1) Entity must be registered with the Business Registration Division (BREG), Department of Commerce and Consumer Affairs. 2) If trade name is used, it must first be registered with BREG. 3) Attach copies of a recently dated letter delivered to all unit owners in each condominium project in which the applicant operates a condominium hotel, notifying them of the non-applicability of the real estate recovery fund for applicant's unpaid judgements. 4) Attach true copies of the declaration AND bylaws for each condominium project in which the applicant operates a condominium hotel, certified by the Bureau of Conveyances or Land Court. 5) Obtain a fidelity or employee dishonesty bond which shall protect the condominium hotel operator against fraudulent or dishonest acts by the employees of the condominium hotel operator. FEES: In 2022, pay $246 (application $50, registration $65, compliance resolution fund $63, education fund $68). In 2023, pay $374 (application $50, registration $130, compliance resolution fund $126, education fund $68). OTHER: There were 28 licenses currently active as of February 24, 2022. ~ revised 10/16