What are the laws governing the sale of a rental property?
In Washington, there are a few laws that govern the sale of a rental property. First, the landlord is required to provide the tenant with a written notice of the sale at least thirty days before the sale is completed. The notice must include the name and address of the new owner, the closing date, and a contact number. The new owner must also abide by the existing rental agreement and any other applicable rules and regulations. This means that the terms of the lease, including the rent amount, can not be altered during the sale. The new owner must also inform the tenant of their rights when it comes to continuing their tenancy. On the closing date, the new owner is required to give the tenant a written notice of possession. The tenant must vacate the property no later than ten days after receiving the notice, or the new owner may file an unlawful detainer action and seek a court order to evict the tenant. If the tenant is still in the rental property after the notice period, the new owner may take immediate possession after obtaining a court order. Finally, the seller is responsible for providing the tenant with any security deposits they paid when they moved in. The seller must return the security deposit to the tenant within fourteen days of the sale unless they can prove that the tenant damaged the rental property. If the tenant damaged the property, the new owner may use the security deposit to cover the repairs, but the tenant must receive a written notice of any deductions within fourteen days.
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