Did you know... January 23, 2017

MAKING SENSE OF SEATTLE RENTAL REGULATIONS?

The Seattle City Council passed an ordinance limiting move in costs for tenants on 12/11/16.  The measure includes the following provisions:

The total amount of security deposits and non-refundable fees (including screening fees) is limited to a maximum of the amount of the first full month’s rent.

Other than non-refundable move-in fees, security deposits, and last month’s rent, landlords are prohibited from charging tenants any one-time fee at the beginning of the tenancy. (Think of HOA move in fees.)

If the tenant has paid a non-refundable move-in fee for cleaning, the landlord may not deduct additional cleaning fees from the tenant’s security deposit.

The total amount of non-refundable move-in fees may not exceed 10% of the first full month’s rent, unless actual screening costs exceeds this amount and the charges are customary, then the actual cost may be charged.

The tenant may elect to pay deposits and nonrefundable fees in equal payments, based on the length of the lease:

·         Six month or longer lease –six equal monthly payments.

·         Lease between 30 days and six months – four equal payments.

·         Month-to-month tenancy – two equal payments.  First payment due at inception of lease, second due on first day of third week of tenancy.

Tenant may also elect to pay pre-paid last month’s rent in increments.

·         Six month or longer lease – six equal payments.

·         Lease between 60 days and six months – four equal payments.

Pet deposit may be no more than 25% of first full month’s rent.  This may be paid in three equal payments.

A landlord who includes provisions prohibited by the ordinance in a new rental agreement, or in a renewal of an existing agreement, shall be liable to the tenant for up to $3,000 plus reasonable attorney fees and costs.

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... January 9, 2017

TENANT BANKRUPTCY

If a tenant files bankruptcy and includes rent in the action, an “automatic stay” goes into effect. This means that no legal action can be taken against the tenant without the permission of the bankruptcy court. Even if an eviction action has already been started, the property cannot be recovered without the approval of the bankruptcy court and this can be an extended process.

Pre-screening prospective tenants is extraordinarily important.  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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Did you know... December 29, 2016

HAPPY NEW YEAR!!!!

Did you know... December 19, 2016

Merry Christmas & Happy Holidays

Did you know... November 30, 2016

DEFINE A “LANDLORD”

The Washington State Landlord Tenant Act defines the landlord as anyone designated as a representative of the owner, including, but not limited to, an agent, resident manager or property manager.  The landlord is required to provide a mailing address either in the lease or prominently displayed at the rental property.  The law further requires any landlord who resides outside of the state to have a designated representative within the county where the rental property is located.

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... November 22, 2016

HAPPY THANKSGIVING

Did you know... November 7, 2016

SELLING A RENTAL WITH TENANT?

More than just title needs to be transferred at closing if the transaction is regarding a tenant occupied property.  Both funds and information need to be transferred:

  • Tenant deposits, including pet or cleaning deposits

  • Prepaid rent, including last month’s rent deposit

  • Proration of monthly rent, if closing is mid-month

  • Tenant lease

  • Move in inspection report

  • Tenant ledger

  • Tenant contact information

  • Keys – easy to forget since the buyer isn’t taking possession

When ready to vacate, the tenant will be credited all deposits and pre-paid rent, per what is recorded in the lease, regardless of whether those funds were transferred at closing.  If the move in inspection report is not transferred, the buyer will not be able to charge the vacating tenant for any cleaning or damages.

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... October 25, 2016

Criminal History & Tenant Screening

Washington State’s Attorney General’s office has indicated that when screening rental applicants, treating criminal history as cause for an automatic denial is discriminatory.  The AG’s office has filed against a Tacoma property management company because they told a prospect that a felony conviction would be an automatic denial. According to the court decree, the issue is that the applicant was denied without considering, “when the conviction occurred, what the underlying conduct entailed or what the applicant had done since the conviction.”

Having to consider the circumstances of a particular applicant’s criminal history appears to be contradictory to the 2012 Fair Tenant Screening Act.  This act requires that landlords apply the same screening criteria to all applicants. Be cautious if denying an applicant due to criminal history!

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... October 17, 2016

SEASONAL RENTAL MARKET

The rental market in the Puget Sound region is very seasonal. Highest demand is during the summer months. Traditionally the market slows after schools starts and is slowest during the holiday season.  While there are tenants searching year round, if tenants have a choice on when to move, it isn’t usually during the winter months.  Despite the strong rental market, we’re already seeing days on market increasing significantly in all areas.  For this reason, we often recommend negotiating a lease term that ends during the summer months. This way the landlord will be in a stronger position for negotiations with either the current or a new tenant.

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 Tenants at house sizedwarranties, 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... October 10, 2016

ROOMMATES ARE PEOPLE TOO!!

Roommates are protected under the Washington State Residential Landlord Tenant Act. We’ve had two calls recently from real estate brokers involved in a property sale where the seller resides in the home and has a roommate/tenant and the tenant is refusing to move out.  If there is no written agreement, the tenant is, by statute, on a month-to-month rental agreement.  If rent is due the first of the month, then that agreement runs from the first of the month to the end of the month.  Notice to vacate must be served just as it would be if the tenant was in the property by him or herself.  Within the Seattle City limits the Seattle Rental Ordinance applies.

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.