Permit waitlist / lottery
A queue or random draw used to allocate a limited number of short-term-rental permits.
Where permits are capped, cities may run waitlists or lotteries that can take many months or years to clear. A property can be fully eligible yet unable to obtain a permit because none are currently available.
See how this applies in your market
Look up verified short-term rental rules — permits, taxes, and restrictions — for any covered US city.
More STR terms
Informational only — not legal, tax, or financial advice. Definitions are general; exact meanings vary by jurisdiction.