To determine whether owners in Keystone Ranch are permitted to short-term rent their properties, there is generally a two-part analysis:

1. Do the Keystone Ranch homeowners' association and governing documents allow owners to short-term rent?  Yes.  There is no provision in the bylaws, covenants or other governing documents for Keystone Ranch that would prevent owners from short-term renting their units. 
2. Does the local governmental authority currently allow a property owner to obtain a new Keystone Ranch short-term rental license?  Yes.  Keystone Ranch is located in unincorporated Summit County and is therefore subject to the jurisdiction of the Summit County Board of County Commissioners (“BoCC”).  Summit County defines a short-term rental as any residential dwelling unit or room therein that is rented for periods of less than 30 consecutive days.  On September 14, 2021, BoCC passed a temporary 90-day moratorium on the issuance of new short-term rental licenses.  However, because Keystone is predominantly a resort community serving visitors to Summit County, BoCC created an exemption to the short-term rental moratorium for all properties located in the Keystone area.  Accordingly, the Keystone Ranch real estate community and other Keystone property subdivisions all remain unaffected by the short-term rental moratorium in Summit County.  New property owners in Keystone Ranch may continue to apply for and receive short-term rental licenses.

In sum, the Keystone Ranch homeowners association does not preclude owners from short-term renting their properties.  Furthermore, the short-term rental moratorium does not apply to Keystone Ranch property owners; so, Summit County will continue to grant new short-term rental licenses to homes located in Keystone Ranch.