Real Estate & Land Use
State Senate Approves Bill to Clarify Unit Lot Subdivision (“ULS”) Processes
On February 28, 2025, Washington’s State Senate passed Senate Bill 5559, a housing supply measure which proposes to apply more uniformity in the procedures that local governments use for Unit Lot Subdivision...
Continue ReadingHCMP Client Update Seattle's New Guaranty Ordinance - What Commercial Landlords Need to Know
The Ordinance imposes limits on the maximum amount a landlord may require for a personal guaranty of a lease and imposes a limit on any required security deposit or letters of credit.
Continue ReadingUpdate on the Wilburton Vision Implementation
The proposed Code contemplates significant zoning changes, including increases in height and FAR to allow high rise development.
Continue ReadingNew Law Removes the Notarization Requirement for Commercial Leases
Washington to no longer require acknowledgment, witnesses, or seals for leases of any duration.
Continue ReadingHCMP Client Update: New Law Creates Leasehold Excise Tax Exemption for Affordable Housing
Washington Legislature has approved a tax break for affordable housing built on state land.
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