City council passes personal guarantee cap legislation
On Dec. 12, Seattle City Council voted 6-2 to pass CB 120643, which places a cap of two years of base rent plus the cost of tenant improvements on personal guaranty in commercial leases. This legislation will lower the barrier of entry for new small businesses and...
Seattle Business License Fees for 2024
This week Seattle City Finance announced updated business license fees for 2024. Each year there is a potential increase to the business license tax certificate fee based on the annual Consumer Price Index. This caused the annual license fees to increase for 2024....
New parking rates in Seattle are going into effect Monday Oct 23. Here’s the latest information we received from the Seattle Department of Transportation:
Our latest seasonal paid parking rate adjustments will take effect in business districts around the city on Oct. 23. This third adjustment in 2023 continues our process to use the latest parking data to help ensure enough parking spaces are available. We collected...
Seattle’s Office of Labor Standards announces new 2024 minimum wage
The Seattle Office of Labor Standards announced on Oct. 16 an increase to the Seattle minimum wage for 2024. Effective Jan. 1, 2024, the minimum wage for Seattle is as follows: $19.97/hour – Large employers (501 or more employees) $19.97/hour – Small employers (500 or...