(206) 286-1100
YouTube Twitter Linkedin Facebook Google+ Read Our Blog Drop Cam

Property Management Blog

Seattle Property Management - Changes in Security Deposit Law update

System - Tuesday, May 31, 2016
Property Management Blog

The real estate industry was was instrumental in changing the required timeframe for security deposit settlements from 14 to 21 days effective June 9, 2016.This means Landlords have more time to make an accurate and final accounting within a timeframe that is more reasonable. One important pitfall to be aware of however is that most leases have the old ( 14 day ) language built in to the contract which may take precedent over the new law unless the lease is updated to reflect the 21 day timeframe. If you do not change the language in your lease, you may be held to the old 14 day requirement unless you make a modification to your lease document even though the law changes.

This means once a lease is eligible for change, language must be changed to confirm the new 21 day return policy rather than 14 if Landlords feel they will need the extra time when a tenant vacates. Once a lease becomes month to month eligible, a minimum 30 day “notice of change” would be required to change the clause that reflects the new policy. Once this new rule is in place, you would have to make sure that you “post mark” your security deposit settlement by the 21st day of the month.

As a result of the new law change, we will be updating our leases as necessary to reflect the new change as current leases are fulfilled and become month to month eligible. We will also change the language in all new leases moving forward on June 9th, 2016 to ensure compliance with this new law.


Dave Poletti & Associates
1200 Westlake Ave. N #1001
Seattle, WA 98109

Phone: 206.286.1100

Email: info@davepoletti.com

Youtube Twitter Linkedin Facebook Google+ Instagram

Copyright © 2020 Dave Poletti & Associates. All Rights Reserved.
Website built by PMW | Sitemap

Quick Contact

NARPM logo Equal Housing logo NW MLS logo CBA logo RHA logo
Seattle Property Management  |   Seattle Homes for Rent  |   Shoreline Property Management  |   Shoreline Homes for Rent  |   Edmonds Property Management  |   Edmonds Homes for Rent  |   Bellevue Property Management  |   Bellevue Homes for Rent  |   Inglewood-Finn Property Management  |   Inglewood-Finn Homes for Rent  |   Mercer Island Property Management  |   Mercer Island Homes for Rent  |   Kirkland Property Management  |   Kirkland Homes for Rent  |   Cities Served

Dave Poletti & Associates is committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI's Web Content Accessibility Guidelines 2.0, Level A conformance. Any issues should be reported to info@davepoletti.com. Website Accessibility Policy

ADA Logo