SEATTLE MULTIFAMILY REGULATION – (one of many)

In the city of Seattle, owners of some multi-family properties are required to notify the city prior to listing the property for sale.  When the property contains five or more units and at least one of the units is considered affordable to a household earning 80% or less of area median income, the owner must notify the city of the intent to sell at least 60 days prior to listing the property.  A penalty of up to $500 may be assessed against owners who fail to comply.

The Commercial Brokers Association recommends that brokers notify sellers of this requirement in writing.  More information can be found here:

http://www.seattle.gov/housing/intent-to-sell

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.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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One Response to SEATTLE MULTIFAMILY REGULATION – (one of many)

  1. rahul says:

    hello guys I am Rahul kumar from india , thanks for sharing information regarding property management ,
    actually property management is a challenge now a days who live out of city face major issue like – searching tenant , visits , documentation, verification , property tax, tenant issue , property issue etc. metro city specially in india as noida delhi , gurgaon etc so we this link help you property management company in noida which provide you best solution of your all issue relative your property, so we think a idea and implement it in real time so that who live out of cite and want take such kind of services relative his property .
    thanks.

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