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Northwest MLS modifies Lease/Rental Agreement Form

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Northwest Multiple Listing Service revised Form 68 (Lease Rental/Agreement) to address two bills passed during the last legislative session: House Bill 1694 (allowing tenants to pay certain sums in installments) and House Bill 2535 (providing for a grace period before late fees may be imposed for past due rent.).

The changes, effective July 1, also affect the Move-In/Move-Out Addendum (form 68A) and the Pet Addendum (Form 68B).

Form 68C was created as a blank addendum to allow the parties to modify the terms of the Lease/Rental Agreement. Northwest MLS reminds brokers that under Washington law they are not permitted to draft contractual provisions. Instead, the lessor/tenant should consult with an attorney to draft any additional contractual terms. Another new document, Form 67, covers the Lease/Rental Commission Agreement.

In Legal Bulletin 199, which summarizes the modified forms, NWMLS said the majority of the revisions are focused on modernizing the forms to make them consistent with current practices.

Revised Form 68 is available on Xpress Forms and in Transaction Desk.

NWMLS has removed old versions of the forms and advises brokers to recycle their obsolete forms to prevent any inadvertent use.

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