As of my last update in January 2022, Formentera, like other Balearic Islands including Ibiza, had been implementing regulations to manage the vacation rental market. These regulations aimed to address similar concerns about balancing tourism with the needs of local residents and preserving the island's character. Here are some aspects of the regulations that were being considered:1. **Licensing and Permits:** Property owners were required to obtain specific licenses or permits to legally rent out their properties to tourists. These permits often came with conditions related to safety standards, property maintenance, and tax compliance.2. **Rental Duration Restrictions:** Similar to Ibiza, there were discussions about limitations on the number of days or months a property could be rented out for short-term vacations. This was to prevent the conversion of long-term residential properties into solely short-term accommodations.3. **Taxation and Fees:** Property owners were required to comply with tax laws and pay the necessary fees associated with renting out their properties for tourism purposes.4. **Community Impact:** Regulations aimed to address concerns about the impact of tourism on local communities, including noise, waste management, and maintaining the authenticity of residential areas.