Introducing
Lease to Locals

With this new incentive pogram, Summit County property owners can earn up to $24,000 by converting their short-term rental into a longer-term rental for our local workforce.

What is Lease to Locals?

Summit County and the Town of Breckenridge are partnering on a pilot incentive program, called Lease to Locals, to unlock new rental housing opportunities for the local workforce. The program provides property managers and property owners generous cash incentives to convert their short-term rentals into seasonal and long-term rentals. The program launches on October 15, 2021 and will be administered by Landing Locals, a Truckee, CA based housing startup specializing in local housing for mountain towns.

How the Program Works

1

Verify property qualifies

The property must Located in Unincorporated Summit County or Town of Breckenridge Town Limits and be a legally licensed short-term rental in good standing.

2

Ensure tenants qualify

All tenants must complete an Employment Verification form and work at least 30 hours per week for an employer based in and serving Summit County.

3

Sign a Lease

Property Owners or Property Managers must sign a minimum of a five month lease (seasonal) up to a twelve month lease (long term) with a qualifying tenant. See below for the grant amounts for property owners and property managers.

4

Complete full application

Landing Locals will provide property owners or property managers a full application which needs to be completed before the incentive can be dispersed. The funds will be paid in two equal installments — one at the beginning of the lease, and one at the end.

5

Compliance

The applicant must comply with midway and final lease checks to ensure they are in compliance. If they are found out of compliance, they may be disqualified from receiving additional incentive payments.

Incentive Amounts For Homeowners*

Unit Size Seasonal Long Term
Room
$3,000.00
$5,000.00
Studio
$5,500.00
$9,000.00
1 Bedroom
$6,000.00
$10,000.00
2 Bedrooms
$12,000.00
$22,000.00
3 Bedrooms +
$13,000.00
$24,000.00

* Amounts are for leases signed on or before Dec 1 and limited amount of incentives available in 2021

 

Incentive Amounts For Property Managers**

Unit Size Seasonal Long Term
2 Bedrooms or Smaller
$1,000.00
$1,200.00
3 Bedrooms +
$2,500.00
$2,700.00
Additional Incentives for Property Managers available for the first property manager who converts:
5 Units $5,000.00
10 Units $15,000.00
15 Units $20,000.00
** Amounts are for leases signed on or before Dec 1.

Frequently Asked Questions

Summit County and the Town of Breckenridge are partnering on a pilot incentive program to unlock new rental housing opportunities for the local workforce. The program provides property managers and property owners generous cash incentives to convert their short-term rentals into seasonal and long-term rentals

  1. The property must be located in Unincorporated Summit County or Town of Breckenridge Town Limits
  2. The property must be a legally licensed short-term rental unit, and it must be in good standing.
  3. The applicant must be the owner of the property or legally represent the owner or ownership group.

All tenants* must complete an Employment Verification form and must be working at least 30 hours per week for an employer based in and serving Summit County.

For 1 bedroom or smaller units: at least one tenant in the household must work locally

For 2 bedrooms or larger units: all tenants in the household must work locally

*Tenant is defined as anyone occupying the property who is over 18.

Rental rates are set by the property owner or property manager and there are no rent requirements for the program. Landing Locals will be compiling data on rental rates and can provide guidance on rates considered affordable for the local workforce. 

More resources will be posted on a separate page for renters. No properties will be posted for Summit County rentals on this site, but we hope to add them in the future. 

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