Seattle Imposes New Caps on Move-in Fees

Effective January 15, 2017, Seattle residential landlords must comply with a host of new rules relating to the move-in fees they charge to tenants. This is the latest of several measures implemented under the recommendation of the Seattle Housing Affordability and Livability Agenda (“HALA”) Advisory Committee to make housing more affordable and inclusive. New rules include: Landlords are prohibited from … Continue reading »

Undercover Tenant-Screening Stings are Ensnaring Well-Intentioned, Unsuspecting Landlords

Blog post written by Scott Feir and Jay Corker Free. Ensuring tenant safety just became more challenging. HUD and the Washington State Attorney General’s Office recently informed landlords that turning down housing applicants based on their criminal records may constitute unlawful race-based discrimination — even if they have no intention to discriminate — because such a policy has a disproportionate … Continue reading »

New Seattle Housing Ordinance: “First-In-Time” Applicant Policy – Update

The Seattle City Council has passed a new housing ordinance, which requires residential landlords to screen rental applications in chronological order and award the lease to the first eligible applicant. Failure to abide by the “first-in-time” policy can be deemed an “Unfair Housing Practice” for which offending landlords would be liable. This ordinance went into effect January 1, 2017. The “first-in-time” requirement … Continue reading »

Specifically Provide How Rent Will Be Determined

What is an SNDA and Why is it Important?

A Subordination, Non-Disturbance and Attornment Agreement (an “SNDA”) is often an underappreciated but extremely important document in a commercial lease transaction.  An SNDA is an agreement among a lender, its borrower (the landlord), and the tenant, detailing the rights of the parties in the event the landlord defaults on the loan and the lender forecloses and becomes the property owner/landlord. … Continue reading »

Buyer_Beware

Proper Due Diligence is Critical When Purchasing Real Estate

When purchasing improved or unimproved real estate, whether residential, commercial, industrial or mixed-use, performing proper due diligence is of critical importance to insure that the purchaser is truly getting the benefit of the bargain.  Ideally, the diligence process begins by building into the purchase contract, among other things: (1) a due diligence/inspection period of sufficient length within which the purchaser … Continue reading »

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