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On December 13, 2016, the City of Seattle Hearing Examiner ruled that the City of Seattle must perform an Environmental Impact Statement (EIS) before moving forward with proposed legislation that would ease restrictions on the construction of accessory dwelling units and detached accessory dwelling units. Accessory dwelling units, commonly referred to as ADUs or mother-in-law apartments, […]
The Washington State Pollution Liability Insurance Agency (PLIA) has just announced a new revolving loan and grant program under which low interest loans of up to $2 million are available to install, retrofit, close or clean up underground storage tanks (UST’s) on contaminated commercial properties. The grant or loan can be used on any site […]
In an attempt to address concerns of housing affordability, the Seattle City Council approved an ordinance that seeks to ensure access to rental housing for tenants while imposing new rules on landlords. The new ordinance is set to go into effect on September 7, 2016. In general, the ordinance includes the following changes in Seattle’s […]
On April 4, 2016, Division I of the Washington Court of Appeals declared that a landowner may remove tree roots that encroach onto his or her property – even if it severely damages, or possibly even kills, the tree. This decision is surprising on a number of levels. The case is known as Mustoe v. […]
Commercial property owners contemplating a refinance may find themselves being offered non-recourse financing through a loan that is being packaged as a Commercial Mortgage Backed Security (CMBS), otherwise known as a “securitized” loan. The financial terms are often attractive, as is the “non-recourse” feature.
In 2014, Seattle’s Rental Registration and Inspection Ordinance (RRIO) was implemented, requiring landlords and property managers to register all rental housing units in Seattle with the City of Seattle.
On Wednesday, April 22, Governor Inslee signed a bill into law that simplifies and shortens this process. The bill, known as SHB 1730, was promoted by the Washington Realtors® and others in the industry. It establishes an abbreviated timeline for interpleaders involving residential property
A new Washington Supreme Court case may have implications for brokers who market properties containing community amenities such as golf courses, clubhouses, swimming pools, and the like.
If you own a residential rental property in Seattle, then you’ll want to pay attention to the new Rental Registration and Inspection Ordinance (RRIO).
The first copy of your lease will likely be completely skewed in favor of the landlord, but don’t be discouraged. Many clauses in a lease can be negotiated so that they are fair to both you and the landlord. Here are some tips for negotiating a favorable lease: