Recent orders from the City of Seattle and Governor Inslee are resulting in numerous negotiations between landlords and tenants regarding rent relief. Erin Howshar summarizes the regulations.
Stokes Law Briefs
Since Governor Inslee's issuance of the March 23, 2020 "Stay Home - Stay Healthy" Proclamation, many within the construction industry were left wondering whether and to what extent they are required to halt their commercial or residential construction projects in Washington. Julia Clark provides clarification.
The guidance from the state and local governments to shut down many local businesses has landlords worried about financial viability of their retail assets. Serena Sayani answers the question of whether a landlord rely on force majeure to discharge its obligations under a lease with respect to co-tenancy requirements.
In the 2019 legislative session, the Washington Legislature passed a bill that makes substantial changes to how taxes on the sale of real property in Washington are calculated and extends the lookback period for controlling interest transfers. This post explains the implications of this bill.
Triple Net Leases offer advantages for both landlords and tenants. Erin Howshar and Serena Sayani explain how certain concepts covering operating expenses can be beneficial.
The Building Operators and Managers Association has updated its standards for measuring rentable square footage. This post explains why commercial landlords should consider revising their lease forms.