Michael Spence

Buyer Beware is Still the Law of the Land

Land Use, Real Estate

Washington’s Seller Disclosure Statute, RCW 64.06, originally passed in 1994, required Sellers of real property to disclose “material defects” on a Seller Disclosure Statement, which quickly became known as a “Form 17”.  A special provision of RCW 64.06 provides that the statutory obligation to disclose material defects is independent of the common law principle of […]


Michael Spence

Governor Signs Sweeping Changes to Washington Landlord-Tenant Laws

Real Estate

On May 14, 2019, Governor Inslee signed SB 5600, a bill that dramatically alters the landscape of Washington residential landlord-tenant law.  The effective date of this legislation is July 27, 2019.  SB 5600 does not apply to commercial real estate. Residential landlords and property managers need to be well-versed in these changes, which are as […]


Michael Spence

PLIA Announces New Revolving Loan and Grant Program for Contaminated Commercial Properties

Environmental, Real Estate

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 […]


Michael Spence

New Case Signals Return to "Buyer Beware"

Real Estate

A recent case from the Washington State Court of Appeals signals a strong return to the legal principle of caveat emptor – otherwise known as “buyer beware”. It’s important that real estate brokers understand the magnitude of the decision, whether they represent sellers or buyers.