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Updated over 6 years ago on . Most recent reply

User Stats

15
Posts
11
Votes
Cody James Cressey
  • Flipper/Rehabber
  • Spokane, WA
11
Votes |
15
Posts

Seattle WA landlord/tenant question.

Cody James Cressey
  • Flipper/Rehabber
  • Spokane, WA
Posted

Hello,

I'm very new to this space. I posted my intro on the new member forum 5 seconds ago! So I have a condo that I rent in Seattle which has a tenant in it. This tenants lease is up soon and I want to sell the property to use the capitol to start fixing and flipping. Can I just do this? Are there landlord/tenant laws that say I have to give her 90 days or something? I cannot find mention of this in my lease with the tenant. 

Also an advanced tax question if anyone has a similar situation to me. My wife is from Sweden and is on the loan. She has technically "moved back" to Sweden on the books and I've heard she may need to pay Swedish taxes on the capitol gains after sale of the condo. Can I just take her off the loan? Can LLC creation help? Again totally new and don't know much! :) Thanks!!

Most Popular Reply

User Stats

273
Posts
220
Votes
Brian Hughes
  • Seattle, WA
220
Votes |
273
Posts
Brian Hughes
  • Seattle, WA
Replied

probably best to ask an attorney or RE agent that specializes in investments and condos for this one. 

That said,  here is my totally amateur understanding  In seattle  the "just cause eviction" ordinance says you can give 90 days notice for sale of a SINGLE FAMILY HOUSE if you want a month to month tenant to vacate.   Condominiums in seattle DO NOT HAVE THIS OPTION.   You can't legally force a monthly tenant to move out to sell a condominium.    Refer to seattle's just cause eviction ordinance for details.

If they are on lease, and the lease terminates without automatic renewal then my understanding is you don't have to do anything except notify the tenant you aren't renewing.   I could not find any reference to prior poster's 60 day comment, however it may well be true and in respect of your tenant and for honest business practice,  giving your tenant as much notice as possible should be done.    If the lease converts to month to month,  then you cannot force the tenant to move out for the sale.   Your only option is cash for keys.    Maybe the tenant would be interested in buying the place,  or depending on where/what of the condo,  it may be possible to sell it to another investor with tenant in place.

On the swedish taxes thing,   I have no idea :)

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