Lease to Locals – Long Term Rental Incentive Program
What is the Lease to Locals Program?
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.
How does my property qualify for the program?
- The property must be located in Unincorporated Summit County or Town of Breckenridge Town Limits.
- The property must be a legally licensed short-term rental unit, and it must be in good standing.
- The applicant must be the owner of the property or legally represent the owner or ownership group.
Incentive Amounts For Homeowners*
| Unit Size | Seasonal | Long Term |
| Room | $2,500.00 | $4,000.00 |
| Studio | $4,500.00 | $7,000.00 |
| 1 Bedroom | $5,000.00 | $8,000.00 |
| 2 Bedrooms | $10,000.00 | $18,000.00 |
| 3 Bedrooms + | $11,000.00 | $20,000.00 |
* Amounts are for leases signed on or after Dec 2, 2021 and are subject to change in 2022
Incentive Amounts For Property Managers**
| Unit Size | Seasonal | Long Term |
| 2 Bedrooms or Smaller | $500.00 | $600.00 |
| 3 Bedrooms + | $1,250.00 | $1,350.00 |
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 after Dec 1 and are subject to change in 2022
All information above was gathered from this website.