Washington Real Estate Legislative Update

more+
less-

Washington Real Estate Legislative Update

The Washington Legislature has been active during the 2008 Regular Session with respect to issues concerning homeowners, developers and the construction industry. Three bills in particular have received considerable attention from citizens, industry leaders and lobbyists: the

condominium conversion bill, the vesting bill for development projects, and the homeowners’ bill of rights.

Condominium Conversion Bill (EXCERPT)

On January 18, 2008, the Washington State House of Representatives passed a substituted version of the condominium conversion bill, HB 2014. If approved in its current form, the bill will change the relocation assistance that developers of condominium conversions must pay to residential tenants under the Condominium Act from $500 to the equivalent of three months rent. In addition, if approved, the bill will increase the notice period for residential tenants of conversion condominiums from 90 to 120 days.

Vested Rights for Development Projects (EXCERPT)

This week, a bill proposing a dramatic change to washington’s law regarding vested rights for development projects was presented in both houses of the Washington State Legislature. Sen. Adam Kline (D-37, Seattle) is the leading sponsor of the Senate Bill, SB 6784, and Rep. Geoff

Simpson (D-47, Covington) is the leading sponsor of the companion House Bill, HB 3202. If passed, the bill will require that government officials assess applications for proposed projects using the laws in effect at the time of approval, rather than using the laws in effect at the time the application is filed.

Homeowners’ Bill of Rights (EXCERPT)

Sen. Brian Weinstein (D-41, Mercer Island) has introduced the original version of the homeowners’ bill of rights, SB 6385, in the Washington State Senate. At the same time, Rep.

Brendan Williams (D-22, Olympia) has introduced a companion bill, HB 2837, in the House of Representatives.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lane Powell PC | Attorney Advertising

Written by:

more+
less-

Lane Powell PC on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×