Category Archives: Did you know…

City Regulations – Rental Realities

More local jurisdictions are imposing new rental regulations.  State law requires a 60-day notice of a rent increase; the following locations require more notice.  Some locations limit move in costs and some limit late fees.  There are modifications and new … Continue reading

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RENTAL DAMAGE/SECURITY DEPOSIT

A damage/security deposit is the tenant’s money, held in trust as insurance that the tenant will fulfill the terms of the lease. The deposit may not be utilized during tenancy without the tenant’s written permission. If the property sells during tenancy, … Continue reading

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HUD & ENFORCEMENT

HUD’s maximum civil penalties for violations of the Fair Housing Act are $16,000 for a first violation of the Act; $37,500 if a previous violation has occurred within the preceding five-year period; and $65,000 if two or more previous violations … Continue reading

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Federal eviction moratorium violations investigation

The Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, released a new staff report with findings from its year-long investigation into the eviction practices of four large corporate landlords during the first 16 months of the coronavirus … Continue reading

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TACOMA WASHINGTON – GOOD FOR RENTALS?

Tacoma is often considered a good place to invest in rental properties?  While demand is strong, prices are significantly lower than those in Seattle. The Tacoma-Lakewood was recently rated #48 in the FHFA House Price Index and NeighborhoodScout.com reports that Tacoma’s real … Continue reading

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RENT INCREASE REGULATIONS

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance! Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise … Continue reading

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HOMEOWNER ASSOCIATIONS &TENANTS

Some homeowners’ associations require that prospective tenants’ applications and credit reports be reviewed by the board of directors.  This could create a problem with fair housing and state laws. Landlords are required to provide applicants with the written criteria by … Continue reading

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RENTALS AS AN INVESTMENT? Yes or No?

Leasing a property can allow the owner to build equity as home values increase while earning rental income.  It can also be a good idea if the owner is planning on returning to the area in the future. However, owners … Continue reading

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RENTAL PROPERTY INSURANCE

In Washington state residential tenants have typically been considered co-insured under the landlord’s insurance policy.  When this is the case the landlord’s insurance company cannot attempt to collect from the tenant, especially in cases of tenant-caused fires.  A new law … Continue reading

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TENANT RELOCATION ASSISTANCE?

As of July 1, 2022, the Economic Displacement Relocation Assistance ordinance (EDRA) went into effect in Seattle.  Under EDRA, landlords who increase rent by 10% or more may owe tenants relocation assistance. EDRA will apply if rent is increased a … Continue reading

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