This form is a contract to Lease office space from property owner to tenant. This contract will include lease terms that are compliant with state statutory law. Tenant must abide by terms of the lease and its conditions as agreed.
This form is a contract to Lease office space from property owner to tenant. This contract will include lease terms that are compliant with state statutory law. Tenant must abide by terms of the lease and its conditions as agreed.
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You had a contract for the term of the lease and there's no obligation to continue past the stated date. There's also no obligation for you to stay if you want to move at the end of the lease. But if your landlord doesn't renew, you'll have to move. If you're a reliable renter, most landlords want to renew the lease.
Your tenancy becomes a periodic tenancy automatically if you stay past the end of the fixed term without a renewal agreement. A joint tenancy becomes periodic if any of the tenants stay on, unless there's a new agreement in place. A periodic tenancy continues on the same terms and you should pay your rent as normal.
A company searching for office space in Seattle can expect an average asking rent of $41.00 per square foot.
Many leases automatically roll over into a month-to-month tenancy but must say so in the lease language. If the lease does not have specific month-to-month language then RCW 59.18. 220 states that the tenancy ends at the end of the lease term.
Office Space Seattle Lease Data and Trends Office Space for LeaseClass AVacancy RateBelltown$39/sf10%Ballard/Fremont/U-District$45/sf4%Eastside$45/sf8%Seattle/Puget Sound$48/sf12%3 more rows
They must be in writing. One-year leases are very common. Under RCW 59.18. 210 , leases over 12 months must be notarized in order to be valid.
Any rental agreement of whatever duration shall be automatically renewed for the term of the original rental agreement, unless a different specified term is agreed upon.
The City of Seattle has a law where a tenant is entitled to 60 days prior written notice for an increase 10% or more in a 12-month period (SMC 7.24. 030).
Washington State's 20 day notice rule Landlord's can terminate month-to-month tenancies for non-payment of rent, material breach of the lease agreement, intent to sell or occupy a property or one of the several other reasons listed in RCW 59.18. 650.
- Class A: $44.12/sqft. - Class B: $34.35/sqft. - Class C: 30.42/sqft.