Buying Tenant Occupied Property: Part 1: Buying in a Seller Leaseback Situation

This week we jump into a brand new Legal Hotline Video Series: Buying Tenant Occupied Property! This series will help brokers and their clients navigate tenant situations on Real Estate transactions hosted by WR Legal Hotline Lawyer, Annie Fitzsimmons with special guest Kaitlyn Jackson, an attorney with Williams Kastner in Seattle. Listen as they talk through some of the legal implications and hurdles faced by buyers of tenant-occupied properties in Washington State. You won't want to miss our newest Legal Hotline series.
Tune in to stay confident and informed as we keep the momentum going in 2024.
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Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)
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Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer - The Legal Hotline is a Washington REALTOR®Member-only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database.
Copyright © 2023 Washington REALTORS®.
Please contact Washington REALTORS® (1-800-562-6024)
before using this video outside of TH-cam.

[@sabrinatipich408]

Now that we are going to have to have a Buyer's Broker Agreement in place PRIOR to showing a house, won't we have to get an unrepresented Buyer to sign that with us BEFORE showing them the house? I would hardly think that it would be a Seller's desire to have a stranger viewing their house without any supervision from a Realtor. So how could one actually choose to be unrepresented?

[@WashingtonREALTORS]

Hi there! If you are a Washington REALTORS member, please direct your questions to Annie at our Legal Hotline here: www.warealtor.org/membership/for-members/legal-hotline. Thank you!

[@lw4268]

In the case that a local municipality has supplemental regulations that would potentially allow a Seller to retain the right of occupancy beyond the 90-day State Regulation, would it be possible for the Buyer, at the time of closing, to include a notice to the Seller to vacate within 90 days of the effective date of the rental agreement?

[@WashingtonREALTORS]

If you are a Washington REALTORS member, please direct your questions to Annie at our Legal Hotline here: www.warealtor.org/membership/for-members/legal-hotline. Thank you! :)