Did you know... •
June 26, 2017
SERVICE CALL?
The Washington Landlord/Tenant Act specifies the length of time an owner or property manager has to respond to a problem. The time to commence repairs will vary, depending on the nature of the defective condition. Once begun, the repair must be completed, “as soon as possible.”
Per RCW 59.17.080, remedial action must commence, after receiving notice:
(1) Not more than twenty-four hours, where the defective condition deprives the tenant of hot or cold water, heat, or electricity, or is imminently hazardous to life;
(2) Not more than seventy-two hours, where the defective condition deprives the tenant of the use of a refrigerator, range and oven, or a major plumbing fixture supplied by the landlord; and
(3) Not more than ten days in all other cases.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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June 20, 2017
BUILD THEM – THEY WILL COME!
The Dupre and Scott’s March survey of 20+ unit apartments reports that almost 9,500 new apartments were opened in 2016. 12,700 are expected this year in King, Pierce and Snohomish Counties and 62,000 more are planned between 2017 and 2020.
The survey shows that that new construction apartments typically get a rent premium of more than 40%. Rent increases have averaged 3.3% annually since 1998, but in the last six months, Kitsap County had over a 4% on average increase. The Eastside had the lowest at .75%.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
Did you know... •
June 5, 2017
Squatters in Washington State
The Washington State legislature has passed a law to help property owners remove squatters. A new law passed in May 2017, which goes into effect 90 days after passage, allows property owners to have squatters removed by law enforcement without having to go through the eviction procedure. The new process will allow an owner to file a declaration that a trespasser – not a tenant – is in possession of the property. Law enforcement will then be able to remove the person immediately rather than going through the previously required eviction process.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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May 23, 2017
WHO’s RIGHT – WHO’s WRONG???
The majority of landlord-tenant disputes are arguments over the landlord withholding part or all of the tenant’s damage/security deposit. Typically, disagreements arise when landlords and tenants disagree about whether the tenant is responsible for repairs or cleaning and/or whether tenants believe the charges are unreasonable.
Unresolved disputes may result in a trip to small claims court. Judges will want to see a lease with clauses that support the charges against the tenant’s deposit. A complete move in/move out inspection report showing both the condition when the tenant took possession and at move out will be critical. Copies of invoices documenting charges will be needed. Judges will also check to see that the landlord complied with all aspects of the Residential Landlord Tenant Act, including mailing a “full and specific” deposit accounting within 21 days of the tenant vacating the property. Judges tend to put the burden of proof on landlords so document everything!
We are here to help you and your clients with all aspect of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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May 1, 2017
TERMINATE A LEASE?
A lease or rental agreement may be terminated by the landlord before the end of the agreement only for specified reasons, including the tenant not paying rent, seriously damaging the property (waste), seriously interfering with the rights of other tenants (nuisance), conducting an illegal business on the property, or violating an important rule or regulation. In all instances, proper notice must be given so the tenant can rectify the situation or contest the allegation.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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April 24, 2017
NON-RESIDENT ALIEN INVESTORS
FIRPTA typically requires that taxes be withheld monthly on gross rental income for non-resident aliens. Passive rental income for foreign investors is subject to a flat 30% withholding tax. The withholding requirement is on gross rather than net income and the responsibility to collect this may apply to the leasing broker or property manager. Foreign investor clients should be referred to an attorney or CPA prior to purchasing an investment property.
According to the IRS:
Before agreeing to manage U.S. real property for a foreign taxpayer, a real estate professional or rental agent should discuss with the foreign client whether the rental income will be taxed as investment income through withholding, or on a net income basis as, “effectively connected with a U.S. trade or business,” without withholding (although the owner may have to file estimated tax returns).
Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.
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April 17, 2017
KIDS!! YEA or NAY?
You cannot deny tenancy to applicants just because they have children, even if you think the rental property is unsafe for children. Families are a protected class, so even if the property is such that owner thinks s/he could be assuming potential liability by renting to a family with children, the owner cannot deny tenancy on that basis. For instance, if an owner doesn’t want children in a houseboat because of concern that a child might fall off and drown, that decision is not the owners to make and denying tenancy on that basis would be considered discrimination.
We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!
There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.