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Did you know... • June 29, 2015

RENT INCREASE? THINK FIRST!!

by Michael Waggoner

Growth in real estate shown on graph

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Did you know... SELLING A RENTAL PROPERTY? If a landlord cites the intention of selling a single-family dwelling as the reason for termination of tenancy, the owner will be subject to penalties if a good faith effort to sell the property isn’t made within 30 days after the tenant vacates.  For the purposes of this law: “There shall be a rebuttable presumption […]
Did you know... SELLING A RENTAL PROPERTY? When a property is sold with a tenant in place, the purchase and sale agreement should address how tenant deposits and pre-paid last month’s rent will be transferred to the buyer.  The buyer will need a copy of the original move in inspection report.  Without one, the tenant cannot be charged for any cleaning required […]
Did you know... TENANT APPROVAL CRITERIA Prior to obtaining any information about a prospective tenant, Washington State Law (RCW 59.18.257) requires that landlords provide their screening criteria in writing to prospective applicants. In the city of Seattle there are some screening limitations which differ from the rest of the state. Click on the buttons below to view our current criteria for tenant […]

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