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Seattle Passes Commercial Lease Legislation

January 31, 2024

Outgoing Councilmember Lewis passed legislation that would impose significant limits on personal guarantees and security deposits associated with commercial lease agreements.

While the bill applies only to commercial property, SKCR views it as an opener to commercial rent control and a reduction in property rights. We coordinated with CBA, BOMA, and NAOIP in opposition to the proposal.

SKCR believe that rent control in any form is bad public policy.

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