Author Archives: Coldwell Banker Bain Property Management
The Residential Landlord Tenant Act (RLTA) has provisions for a variety of penalties for landlords who violate its terms. For instance, a landlord who violates the source of income clause, can be held liable for up to four and one-half … Continue reading
Although rental demand is usually highest during the summer months, COVID-19 and its repercussions have changed the trend this season. According to a Zumper report this month, all of the top 10 priciest cities (Seattle is #8) either had flat … Continue reading
Effective June 11th 2020, two bills changed the Washington Landlord Tenant Act. ~HB 1694 allows tenants to pay move in funds in installments: ~A landlord must first apply any payment made by a tenant toward rent, before applying any payment … Continue reading
The governor extended the eviction moratorium to August 1st. This is the second extension and includes the same prohibitions, with one change. These terms are the same as the previous proclamation: Rent cannot be increased, Late fees cannot be charged, … Continue reading
There are additional considerations when listing a property for sale with a tenant in place during the coronavirus pandemic. While the Landlord Tenant Act says the landlord may show the property to a potential buyer or tenant with a 24-hour … Continue reading
Landlords and property managers must be very cautious about how they approach tenants with unpaid rent. The governor’s proclamation of April 16, 2020, prohibits treating unpaid rent as an enforceable debt or obligation, “where the non-payment of rent was a … Continue reading
The number of rented properties is down more than 50%, but average price is up.