LAKE PLACID — Village Mayor Craig Randall and North Elba town Supervisor Roby Politi will meet next week to discuss a tentative local law about vacation rentals within Lake Placid.

For a while now, Lake Placid has been feeling the negative affects of unregulated vacation rentals and Airbnbs. People are no longer selling their homes but rather renting them out, which drives up property values, making it hard to afford a home here. Sometimes the properties are rented out to too many guests, which can create crowded side streets, fire hazards and noise problems. These housing market issues have created ripples throughout the community from annoyed longtime locals, to diminishing public enrollment, to a short-staffed village police department.

The draft of the law, which is designed to regulate vacation rentals so that further problems don’t arise isn’t public yet, but both the village Board of Trustees and the town council have looked it over in work sessions. In a recent work session, the village board identified 15 pieces of the draft that they would like to change or negotiate with the town.

After the meeting with Randall and Politi, the plan is to finalize the law for a public hearing in December.

At Monday night’s board meeting, Randall said the hope is to have a local law in place by January.