Does a Transient Rental License transfer with a sale of the property?

Transient Rental Licenses must be reapplied for at the time of a new property owner.

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1. What is a Transient Rental (Vacation Rental)?
2. May I rent my home transiently?
3. Are there any other restrictions?
4. What are the typical conditions placed on Transient Rental Licenses?
5. How much is transient occupancy tax?
6. May I manage my rental myself?
7. May I allow pets in the property?
8. How do I keep my Transient Rental License active if I do not want to rent it for a period of time?
9. Does a Transient Rental License transfer with a sale of the property?