Category Archives: Did you know…

NON-RESIDENT ALIEN INVESTORS

FIRPTA typically requires that taxes be withheld monthly on gross rental income for non-resident aliens. Passive rental income for foreign investors is subject to a flat 30% withholding tax. The withholding requirement is on gross rather than net income and the responsibility … Continue reading

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KIDS!! YEA or NAY?

You cannot deny tenancy to applicants just because they have children, even if you think the rental property is unsafe for children. Families are a protected class, so even if the property is such that owner thinks s/he could be … Continue reading

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CONTRACTOR REFERRALS

  Referring a contractor who is not licensed, bonded and insured increases your liability and puts your clients at risk.  The person hiring someone who is not licensed, bonded and insured becomes potentially responsible for damage caused by unlicensed workers as … Continue reading

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Assignment & Subletting – Commercial Leasing

Most commercial leases prohibit a tenant from assigning or subleasing the leased premises to another party without first obtaining the landlord’s consent. Continue reading

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2016 Coldwell Banker Award Winners

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Confidential Documents

Not only is it common sense to shred confidential documents, it’s also Federal Law.  The Fair and Accurate Credit Transactions Act (FACTA) requires that all information taken from consumer reports must be shredded before disposal.  Consumer reports include credit reports … Continue reading

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UTILITIES

There are limitations on a landlord’s responsibility for utility bills not paid by a tenant.  If a municipality (for example, Seattle City Light or Tacoma PUD) fails to notify the owner that a tenant has not paid a utility bill, … Continue reading

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SEATTLE, AGAIN!!

In Seattle, you cannot serve a tenant with a notice to vacate, based on the owner’s intention to sell the property, after a purchase and sale agreement has been signed. Within the Seattle City limits, the owner must cite the … Continue reading

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SPRING AHEAD

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CREDIT REPORTS

It is a violation of the Fair Credit Reporting Act for a landlord to show anyone a tenant’s credit report without the tenant’s written permission.  Even the buyer of a property with a tenant in place does not have the … Continue reading

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