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 […]
Real Estate
Court of Appeals Authorizes Tree Root Cutting – Ruling that Roots Trump Tree
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. […]
10 Questions to Ask your Commercial Lender Before Committing to a “Nonrecourse” Loan
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.
Update on Seattle’s Rental Registration and Inspection Ordinance
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.
Interpleader Process to be Simplified
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
Marketing Materials May Create Binding Covenants
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.
Attention Landlords – A New Seattle Ordinance May Apply to Your Rental Property
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).
Five Tips for Negotiating a Favorable Commercial Lease
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:
How Celebrities Keep Their Addresses Private
A couple of weeks ago, Richard Sherman of the Seattle Seahawks made the news not for what he did on the field, but what he purchased off as the Seattle Times reported on his recent home purchase. But what if you don’t want nosy folks to know what property you just purchased and how much you paid for it? Fortunately, there is a relatively easy solution.
Legislature Update: Land Use
The 2013 Washington State Legislature wrestled with an 800 pound gorilla – education funding – and adjourned without reaching consensus on that issue. But in the process, several new laws passed that are relevant to those who are in land use or real estate.