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Michael Waggoner
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Principal Managing Broker - Coldwell Banker Bain
Principal Managing Broker - Coldwell Banker Bain

125 followers
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More than just title needs to be transferred at closing if the transaction is regarding a tenant occupied property?  Both funds and information need to be transferred: Tenant deposits, including pet or cleaning deposits Prepaid rent, including last…

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Washington State’s Attorney General’s office has indicated that when screening rentals applicants, treating criminal history as cause for an automatic denial is discriminatory.  The AG’s office has filed against a Tacoma property management company…

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The rental market in the Puget Sound region is very seasonal. Highest demand is during the summer months. Traditionally the market slows after schools starts and is slowest during the holiday season.  While there are tenants searching year round, if…

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Roommates are protected under the Washington State Residential Landlord Tenant Act. We’ve had two calls recently from real estate brokers involved in a property sale where the seller resides in the home and has a roommate/tenant and the tenant is refusing…

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In addition, many HOAs have large deductibles in order to keep premiums down.  Finally, the HOA policy will not cover landlord liability.  Even if the mortgage company doesn’t require additional insurance, your client should talk to an insurance agent. We…

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Washington State has a “slumlord accountability” law.  RCW 59.18.085 requires landlords to pay relocation assistance to displaced tenants whose properties are condemned due to code, ordinance or other statute violations.  The relocation assistance shall…

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State Building Code Council: https://fortress.wa.gov/ga/apps/sbcc/Page.aspx?cid=976 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,…

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In our opinion, the best policy for screening potential rental tenants is first come, first served – a policy which the City of Seattle just imposed on landlords.  The law goes into effect on January 1, 2017. However, our policy is that if multiple…

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A buyer of a rental property cannot give notice to vacate to the tenant until the buyer actually owns the property. After closing any notice is subject to the terms of the lease as well as local and state laws.  Also, neither the listing nor the selling…
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