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Updated almost 5 years ago,

User Stats

230
Posts
169
Votes
Sharon Rosendahl
  • Investor
  • Stanwood, WA
169
Votes |
230
Posts

Horrible Landlord laws are being proposed in Olympia

Sharon Rosendahl
  • Investor
  • Stanwood, WA
Posted

I apologize in advance that the pdf link is through a vendor but I am working on closing the year, month and a lot of other year end stuff and am super busy. Among other horrible things, this seems to require a 6 month rent increase notice if you increase rent by more than 3% and then the tenant can immediately vacate even if there is a lease in place. Their only requirement is they pay you to the point they vacate. No mention of completing the current lease. If increase is less than or equal to 3% then you only have to give 60 days notice.

Late fees would be capped at .05% of the monthly rent. So that would mean $5 per every $1000? Yeah, huge deterrent for being late. 

(5) Late fees for past due rent may not exceed one-half of one
percent of the monthly or periodic rent.

So much frightening stuff going on this term.



http://www.orcainfo-com.com/uploads/HB2779RentControl.pdf





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