New City of Spokane Ordinances
March 2023
Two new ordinances (#36330 and #36366) were recently passed by the Spokane City Council, which will undoubtedly affect the financial position of property owners and landlords.
Below is a summary of the main points from the new ordinances which will have the greatest impact on owners and landlords:
- Landlords will now have to pay an annual fee for a business license in the amount of $15/unit plus licensing fees
- Frequent random code inspections will be implemented, which will require landlords to pay for any upgrades deemed necessary
- Landlords will be required to disclose history of any mold or meth manufacturing in their units
- Financial support will be provided to tenants for relocation services due to uninhabitable living conditions – this should mitigate some damages to landlords caused by residents receiving rental support from a government or nonprofit, although funding may be limited
- Background checks and credit checks can be required by landlords at their discretion, and paid for by tenants
If you would like to discuss the potential impacts of these ordinances further, please free to reach out for assistance in navigating through these changes.
SVN Cornerstone Multifamily Team
Nate Gant is an Advisor with SVN Cornerstone. Nate has been an active member of the Eastern Washington real estate community since 2010. He has brokered more than $100 Million in real estate transactions, specializing in land development, REO and investment properties. To get in touch with Nate, email nate.gant@svn.com or call 509.993.4440.
Jordan Lester is an Associate Advisor with SVN Cornerstone. Jordan served as a brokers assistant for 3 years with SVN Cornerstone before becoming a full time broker. Jordan specializes in the multifamily sector of commercial real estate. To get in touch with Jordan, email jordan.lester@svn.com or call 509.496.6922