A. Term. A short-term rental operating license shall be issued for a period of one year, with its effective date running from the date the application is due as set forth in BC 7.16.060, and may be renewed annually by the owner or authorized agent provided all applicable standards of this chapter are met.

B. Transferability. The operating license shall be issued in the name of the property owner and is not transferable. The operating license shall terminate and be deemed void when the license holder sells or transfers the property approved or operating as a legal nonconforming use as a short-term rental. Although not transferable, the new owner or authorized agent shall have 60 days to apply for a new operating license. See BC 7.16.060(B)(1)(c). [Ord. NS-2239, 2015]