Seattle Diversity Apartments
Introduction
Seattle diversity apartments is a residential property located within the middle-income suburbs of Seattle city within Washington State. The apartments comprise 40 one-bedroom units that are all leased to willing tenants for occupancy terms exceeding 30 days as per the Seattle city laws. The residential property is individually owned and was constructed in 2015. The property was developed using personal savings that were supplemented by a mortgage from a local financing company to the tune of 40,000 US dollars. The mortgage was payable in 20 years with the payment period running between 2017 to 2037 due to a grace period of two years that was meant to allow the property to be fully constructed and developed as per the existing laws to permit full occupancy (Zou, 2020). The laws applicable to the management of the property are Seattle Housing and Building Maintenance Code (SMC Section 22.200-22.208) and Housing and Building Maintenance Code (HBMC). The property has one residential caretaker who looks after the apartments as he takes care of the cleanliness and gives immediate response to any issue that arises from the tenant without the need to notify the landlord if it’s manageable within his powers.
The laws governing the property
The apartments adhere to the rental registration and inspection ordinance that governs registration and renewal of registration every 5 years and inspection every 10 years to allow for strict observation of the laws on property management upon issuance of the relevant certificates. The property adheres to the regulations stipulated in the Seattle Housing and Building Maintenance Code (SMC section 22.200-22.2008). Therefore, the management of the property provides safe, clean, and secure living environments for all the tenants’ residents within the property. The property has in place a contract with private companies for fumigation of the premises regularly or as per need basis to keep it free of insects, rodents, and other pests to contain any incidents of bodily harm or property destruction from the insects or pests (Cronjé, 2017). The property has put in place measures that assure all the structural components of the units are well maintained as the premises remain weathertight. The management of the premises has a running contract with private companies contracted Seattle city to collect garbage. To facilitate conducive living quarters for the tenant, the apartment has an installed automatic heating system that regulates the daily and nighttime temperatures as per the time of the year. Further, the property has installed smoke alarms in sleeping areas and hallways outside sleeping areas. Moreover in developing the units’ carbon monoxide alarms were installed outside sleeping quarters, living areas, and any areas within the house that has fuel-burning compartments. For efficient use of the carbon dioxide and heating system, the management provides the new tenants with training on the operations of the system.
Seattle Diversity Apartment Tenancy Agreements
Every occupant of the units is issued with a written contract of the terms of tenancy that requires them to pay rent within the first 5 days of the new month failure to which notices are issued if no reason is given for delayed rental payment. The rent payable by each tenant depends on the size unit and includes all amenities provided in the apartments such as parking lots, leisure lounges, and community swimming pool. For any rental increase, the management provides the tenant with 60 days written notice prior to making it effective. The new tenants are expected to maintain all the electrical, plumbing, and heating appliances in good condition. In the contract, the landlord is not required to undertake cosmetics renovation of the apartments but maintain only the services that are vital to support the continued occupancy of the apartment (Cieleback, 2017). The management of the apartment reserves the right to change the locking system upon the change of tenancy and provide the new locks with keys to the incoming tenant. The apartment managers have the sole obligation to provide garbage collections bins or areas in the apartments. The managers have a right to issue notice for termination of the contract if the tenant fails to pay rent within 14 days, has been given notice for late rent payment over 4 times, and has violated the rental agreement and notice issued in 10 days. The tenancy agreement in Seattle diversity Apartments can also be terminated if the tenant fails to vacate after being given notice three consecutive times. The property managers aspire to provide the affected tenant with relocation assistance as per the relocation assistance ordinance after giving 90 days’ notice of $ 2100 with city Seattle topping up the remainder of the property is changing to owner occupancy.
In conclusion, the property management plan serves to ensure a conducive living environment for all tenants as provided by the relevant laws as the landlord provides all the essential amenities to support quality life on the premises. Moreover, the management supports a cordial relationship between the tenant and landlord by maintaining individual tenant-relevant records such as rental agreement, rental payments schedule, issued notices, and terms of the occupancy.
References
Cieleback, M. (2017). Development of residential property. In Understanding German Real Estate Markets (pp. 353-369). Springer, Cham.
Cronjé, D. (2017). Business model innovation for residential property developers in Gauteng (Doctoral dissertation, University of Pretoria).
Zou, Z. (2020). Examining the impact of short-term rentals on housing prices in Washington, DC: Implications for housing policy and equity. Housing Policy Debate, 30(2), 269-290.
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