The Spokane City Council approved a new law on Monday, October 14th which prevents apartment landlords from evicting tenants or raising rents if their apartment units are not registered with the city. The law was enacted in an attempt to get more landlords to register with the city and purchase business licenses, reiterate existing living standards for units, and maintain a database of rental units in the City. Currently, only 21,000 out of the approximate 40,000 rental units in the City of Spokane are registered.
If you are a registered landlord in the City of Spokane, you are required to pay an annual fee of $127 for a business license and an annual fee of $15 per unit (with some exceptions for low income units). While this new law increases the red tape imposed on landlords by the City, it is important for owners to register as soon as possible in order to maintain their ability to evict dangerous or non-cooperative tenants, and also raise rents to market rates.
More information on registering with the City of Spokane can be found on the City of Spokane’s Website
City of Spokane Map
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Jordan Lester, CCIM, MBA joined SVN Cornerstone as a Commercial Real Estate Broker in 2022. Jordan specializes in advising clients with the acquisition and disposition of multifamily investment properties. With a primary focus in Spokane County and an expert understanding of the latest market trends, Jordan is committed to maximizing his client’s financial goals to achieve their real estate objectives. Jordan began his real estate career as a broker’s assistant for three years with SVN Cornerstone, which gave him valuable knowledge and experience to jumpstart his career as a broker. To get in touch with Jordan, email jordan.lester@svn.com or call 509.496.6922